Maryland

The Baltimore Board of Finance has approved $535 million of TIF bonds for a $5.5 billion waterfront development project.

Maryland is seeking a federal FASTLANE grant to expand a subsea rail tunnel that moves freight at the Port of Maryland.

Maryland legislators have overridden Gov. Larry Hogan’s veto of a bill requiring ranking of transportation projects.

Maryland Stadium Authority received an AA grade from Fitch Ratings for $320 million of Baltimore City Public Schools construction and revitalization program revenue bonds scheduled to be issued later this month.

The Maryland Board of Public Works on Wednesday approved a $5.6 billion, 36-year contract with a consortium of companies to design, build, operate and maintain a 16.2 mile light rail line that will link two counties in Maryland as well as connect to Amtrak, MARC and local bus services.

Private investors in Maryland’s multi-billion dollar Purple Line P3 rail project will finance their share of construction with a federal loan and private-activity bonds.

Maryland has selected its preferred private partner for the multi-billion dollar Purple Line light rail project, Gov. Larry Hogan said Wednesday.

Issuers in the Northeast sold $102.9 billion of municipal bonds in 2015, almost 9% above the previous year's volume.

Proposal by Democratic leaders in the Maryland General Assembly would restrict governor's authority to allocate transportation project funding.

Four potential private partners have submitted financial proposals for Maryland’s $2.16 billion Purple Line light-rail project.

Maryland gets $27.9 million grant to study a 40-mile magnetic levitation train route expected to cost $10 billion.

Two Maryland counties have committed another $60 million to help fund the proposed $2 billion Purple Line P3 light-rail project.

Issuers in the Northeast sold $54.2 billion of municipal bonds in the first half of 2015 rising 26% compared to the first six months of 2014.

Baltimore officials want Maryland to share savings from a cancelled rail project to upgrade the city's bus system.

Triple-A rated Maryland is planning to competitively sell $500 million of general obligation bonds on July 16.

Maryland Gov. Larry Hogan gives preliminary approval to progress on halted $2 billion Purple Line P3 light rail project.

A U.S. Supreme Court ruling that found fault with Maryland's personal income tax collection scheme will cost localities in the state millions of dollars but may not impact their credit ratings, analysts and government officials said.

A series of toll rate reductions and discounts announced by the Maryland Transportation Authority on May 7 are a credit negative for the agency's revenue bonds, according to Moody's Investors Service.

Late April riots that erupted in Baltimore have caused widespread financial damage, but the city is not expected to face any long-term credit impact from the unrest, according to analysts.

Maryland Gov. Larry Hogan wants major cost reductions in Purple Line P3 rail proposal or he'll kill the project.