Infrastructure

President Obama’s proposed $98 billion budget for the Department of Transportation in 2017 includes $3.5 billion of transit grants.

President Obama’s proposed fiscal 2017 budget would hamper international trade by cutting funding for seaport navigation systems that are needed to accommodate new, larger cargo ships, the American Association of Port Authorities warned.

Washington State sold $321.6 million of various purpose general obligation bonds and $200.5 million of motor vehicle fuel tax general obligation bonds in competitive sales Tuesday, touting the success it achieved in "volatile" market conditions.

President Obama on Tuesday unveiled a $4.1 trillion budget for fiscal 2017, his last one, that includes a $10.25 per barrel tax on oil to fund green transportation projects and several proposals that either benefit or restrict the use of municipal bonds.

Patrick McCoy, the finance director New York’s Metropolitan Transportation Authority, was elected president of the Government Finance Officers Association.

The extension of a tax that supports Honolulu’s $6.9 billion elevated rail project is a credit positive, Moody’s Investors Service said.

Cleveland expects $17 million in savings on its $151 million refunding issue for Cleveland Hopkins International Airport this week.

The Port Authority of New York and New Jersey announced Monday that it established a new cargo volume record in 2015.

General Services Administration is looking for partners to build a new FBI building in exchange for current headquarters.

Congressional Republicans oppose President Obama’s proposal to fund a greener transportation system with a tax on oil.