Infrastructure

The state says the $6.5 billion project is not possible without toll revenue.

As fuel prices ratchet up due to the Iran war, two states are already exploring suspending their fuel tax which would take a bite out of tax revenue and possibly lead to future bond sales.

The rules could lengthen the procurement timeline for some projects.

Such a bank would be a "revolving financing tool that allows us to stretch dollars further, leverage federal programs without surrendering control, and deliver more projects without raising taxes," Gov. Jeff Landry said. 

The audit did not quell calls for greater transparency and oversight for the authority as it continues a bond-financed expansion program.

Oregon lawmakers balanced the state budget in an intense short session with debates over sports subsidies, transportation cuts and federal income tax conformity.

The New York Metropolitan Transportation Authority says it has shaved more than $4 billion off construction costs in five years.

Brightline asked S&P to withdraw its rating after the latest downgrade.

The New Jersey Turnpike Authority will build a bridge half the size it once planned, providing budgetary savings of $4 billion. 

As the next surface transportation reauthorization bill takes form in Congress, the transit sector is making a case for its slice of the pie and expanding the use of private activity bonds.