Maryland

Northeast issuers sold $93.1 billion of municipal bonds in 2013, down 17.4% from 2012.

Maryland has selected four international construction consortiums to submit proposals to build, maintain and operate the proposed $2.2 billion Purple Line light-rail system that would connect Montgomery and Prince Georges Counties.

Maryland Transportation Authority will generate less than $10 million a year in toll revenue from express lanes on a $1.1 billion highway improvement project.

Six potential private-sector partners responded to Maryland's proposal to fund, build and operate a $2.2 billion light rail commuter line under the state's newly adopted public-private partnership law.

Maryland Treasurer Nancy Kopp has been appointed to the board of trustees of the Financial Accounting Foundation, FAF announced Tuesday.

The Maryland Transit Administration plans to seek bids soon for a private partner willing to provide up to $900 million of funding for a $2.2 billion light-rail line in the northern suburbs of Washington following Gov. Martin O'Malley's and the state Board of Public Works' unanimous approval of the P3 competitive solicitation process.

Traffic and toll revenues are ramping up on Maryland Transportation Authority’s $2.4 billion, 19-mile Intercounty Connector built to relieve congestion in the Washington area.

A short-term federal government shutdown will have minimal impact on issuers, though some areas with a significant federal presence like Washington D.C. may see some lost economic activity, ratings agencies said.

Maryland Governor Martin O'Malley has named a bipartisan group of 11 people to a new local and regional transportation funding task force.

Issuers in the Northeast sold almost $44.3 billion of municipal bonds in the first half of 2013, according to Thomson Reuters data, down more than 25% from the same period a year earlier.

Maryland intends to develop a 16-mile light rail project in the Washington D.C. suburbs through a public-private partnership, the largest P3 in the state and the first for a transit project, government leaders announced Monday.

Maryland plans to sell a total of $475 million of triple-A rated tax-exempt and taxable general obligation bonds in two competitive sales on July 24, state officials said recently.

The Hilton Baltimore Convention Center Hotel will likely need city funds to help pay debt service on revenue bonds issued by the city in 2006 and that will be a credit negative for the bonds, Moody's Investor's Service said Thursday.

Wednesday marked the deadline for companies interested in developing a pair of major rail projects under Maryland's new public-private partnership law, and the private sector is jumping at the chance.

Maryland will sell nearly $700 million of triple-A rated general obligation bonds, and could come to market just days after sharp federal cuts hit the state.

Baltimore Mayor Stephanie Rawlings-Blake on Monday announced the first of a series of fiscal reforms designed to head off a financial nightmare that a recent projection suggested could be heading the city's way.

After falling less than the national bond market in 2011, the Northeast bounced back less than that market in 2012.

Baltimore is setting a precedent by being the first large city to use long-term forecasting to avoid becoming the next bankruptcy story, city officials and their advisors said Thursday.

A ten-year forecast commissioned by the mayor and released Wednesday reveals that Baltimore could be on a path to bankruptcy without "serious fiscal reforms."

Prince George's County, Md. will sell more than $300 million of highly-rated tax-exempt debt Tuesday, as the county seeks to benefit from low interest rates with both new money and refunding bonds.