Infrastructure

Passage of a long-stalled transportation infrastructure package that would raise $1.2 billion in new revenue will be Michigan Gov. Rick Snyder's top priority during the upcoming lame-duck legislation session, the state's budget director said.

More than $10 billion of water and transportation infrastructure proposals are on Tuesday's state and local ballots.

Spokane, Wash.'s airport has been downgraded to A2 from A2 by Moody's Investors Service.

With the economy riding high, issuers in Texas are hoping voters keep their pocketbooks open long enough to approve more than $6.5 billion of bond issues on the ballot Nov. 4.

Puerto Rico officials said Thursday that the Puerto Rico Electric Power Authority would default on its bonds but that the Puerto Rico Highways and Transportation Authority would not.

North Texas Tollway Authority returns to the market with $499.5 million of revenue refunding bonds that are expected to provide significant savings.

A new guide from AASHTO examines current revenue sources and potential options for bolstering the Highway Trust Fund, including fees based on vehicle miles traveled.

Puerto Rico plans to help its Highways and Transportation Authority through an oil tax increase and the sale of bonds from a new authority.

Federal TIFIA loans and similar programs will become more prevalent as conventional highway grants shrink, according to Fitch Ratings, which says TIFIA loans have pluses and minuses for borrowers and other investors.

Wisconsin will refund $132 million of transportation revenue bonds on Thursday, two days after state voters cast a decision on a proposed constitutional amendment that would bar future raids on the state's transportation fund for other expenses.