Infrastructure

The New York Metropolitan Transportation Authority’s operation of its federally mandated Access-A-Ride program has been marked by waste, mismanagement and widespread service failures, according to an audit released on Tuesday by Comptroller Scott M. Stringer.

The League of California Cities is part of a planned Sacramento rally to raise awareness about the state’s dilapidated infrastructure.

Both 10-year transportation funding plans proposed by Minnesota Gov. Mark Dayton include $2 billion of road bonds.

The Indianapolis Airport Authority comes to market as soon as Thursday with a $171 million refunding structured to bring down its debt service costs on the long end.

Minnesota Gov. Mark Dayton will propose a compromise transportation funding bill to resolve a legislative deadlock.

Washington State Treasurer and National Association of State Treasurers president Jim McIntire this week called on the federal government to play a more active role in securing infrastructure funding for local governments and called on lawmakers to protect the tax-exempt status of municipal bonds to fund such projects.

The next president and new Congress have an opportunity to reverse the ongoing decline in the nation's aging infrastructure.

Rep. Randy Hultgren, R-Ill., warned House subcommittee leaders considering tax reform proposals on Thursday that a cap or elimination of tax exemption for municipal bonds could raise the cost of infrastructure projects in their own districts.

A Colorado lawmaker’s proposal for a $3.5 billion state road bond referendum fails in the final hours of 2016 session.

The Indianapolis Airport Authority said this week that it has agreed to settle a dispute with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds, even though it disagrees with the IRS' position on the bonds.