Virginia

Gov. Bob McDonnell said Virginia posted a 3.9% revenue increase in September, making it the 18th month out of the last 19 in which revenue exceeded the previous year’s collections.

BRADENTON, Fla. - Gilt-edged Virginia is poised to sell $167 million of state general obligation bonds, split for the first time between the negotiated and competitive calendars in a two-way sale that should tap the most retail investors and some of the lowest rates.

Moody’s Investors Service Tuesday downgraded Mary Washington Healthcare’s rating to Baa1 from A3.

WASHINGTON - Virginia is using a public-private partnership to put another tunnel under the Elizabeth River between Norfolk and Portsmouth. Including improvements to existing tunnels and some surface road building, the project is budgeted at $1.9 billion.

WASHINGTON - The Metropolitan Washington Airports Authority board of directors did a turnaround on Wednesday and voted 11 to 1 to approve the construction of an above-ground station for the metrorail extension to Dulles International Airport.

Transportation Secretary Ray LaHood is proposing to reduce the cost of the $3.8 billion metrorail extension to Dulles International Airport by having Loudoun and Fairfax counties in Virginia pay for parking garages and a station with federal assistance.

The Loudoun County Board of Supervisors agreed to ask voters in November to approve the issuance of $169.62 million of general obligation bonds.

BRADENTON, Fla. - Virginia's gilt-edged Arlington County will sell $127 million of general obligation public improvement bonds beginning Monday using a three-day sale structure.

WASHINGTON — U.S. Transportation Secretary Ray LaHood has scheduled a second meeting with local officials in Virginia for Friday as he tries to break an impasse over the cost of the second phase of the Washington, D.C., Metrorail extension to Dulles International Airport.

WASHINGTON — Loudoun County, Va., is looking at the possible impact of withdrawing its funding for the Washington, D.C., Metrorail extension to Dulles International Airport.

WASHINGTON — U.S. and Virginia lawmakers are ramping up pressure on the Metropolitan Washington Airports Authority to reverse an April decision that approved an expensive, underground metro station at the Dulles International Airport as part of the agency’s $6.6 billion Metrorail extension project.

BRADENTON, Fla. — Two Virginia issuers that plan to price a combined $806 million of double-A rated tax-exempt bonds early next week should find plenty of investors to snap up the high-grade paper, according to market participants.

BRADENTON, Fla. — A massive overhaul of Virginia’s transportation program will enable the state over the next three years to fund $4 billion of road, rail, and transit projects supported by increased bonding capacity and new financing programs.

BRADENTON, Fla. — Kutak Rock LLP has added Charles Shimer and George Scruggs as of counsel in the firm’s Richmond, Va., office.

WASHINGTON — Virginia Gov. Robert McDonnell touted his $4 billion transportation spending plan ­Wednesday during a state of the commonwealth speech in which the Republican reaffirmed his intention to privatize state liquor stores and proposed a state employee contribution plan to ­reduce the retirement pension ­liability.

WASHINGTON — The Capital Beltway Funding Corporation of Virginia, the issuer for $589 million for the Capital Beltway expansion project, on Monday will sell refunding bonds to convert its debt to tax-exempt bonds not subject to the alternative minimum tax, taking advantage of the stimulus law provision ­before it expires at the end of the year.

The Virginia-based Upper Occoquan Sewage Authority expects to competitively sell $84.7 million of revenue bonds on Tuesday for an expansion project to comply with Chesapeake Bay restoration requirements.

WASHINGTON — The Virginia Resources Authority on Wednesday and Thursday will sell $167.7 million of bonds to help 13 local issuers finance infrastructure projects and refund previously issued bonds.

WASHINGTON — Virginia is preparing to competitively issue $168.4 million of general obligations bonds for seven universities at a time when the Pentagon’s proposal to close a major military base in the Hampton Roads area is raising concerns about the state’s credit.

WASHINGTON — The Virginia College Building Authority expects on Tuesday to competitively price $337.5 million of bonds for higher education projects, beginning a season of heavy issuance for the state.