Virginia

In his annual revenue speech, Virginia Gov. Ralph Northam highlighted the state’s record reserves, budget surplus and optimistic economic outlook.

Total revenue collections rose 14.5% from fiscal year 2020, ahead of an earlier forecast of 2.7% growth.

Fitch affirmed $14.3 billion of annual appropriation-backed debt at AA-plus in addition to the $1.1 billion of AAA-rated general obligation bonds.

The Bureau of Ocean Energy Management will initiate an environmental review for Virginia's large-scale commercial offshore wind project.

A new administration in Washington and the power of coastal atmospheric patterns may boost wind-turbine electricity generation in the Southeast.

Virginia Space is seen as a driver for the state’s economy because it provides space access at competitive prices and secure facilities for testing unmanned vehicles.

The state’s seasonally adjusted unemployment rate remains below the national unemployment rate of 6.0%.

Gov. Ralph Northam and U.S. Secretary of Transportation Pete Buttigieg announced the agreements with Amtrak, CSX and Virginia Railway Express.

Virginia was ranked 23rd in the nation for its seasonally adjusted unemployment rate in January as the COVID-19 pandemic continues to impact the economy.

The toll road operator parters with three international investors to sell half of its U.S. express lane assets in Northern Virginia while eyeing additional highway projects around nation's capital, including a Maryland P3.

Skanska and its Elizabeth River Crossings partner, Macquarie Infrastructure Partners, will sell the concession to an Abertis Infraestructuras S.A.-led venture.

The Hampton Roads Bridge-Tunnel expansion is a "tailor-made" stimulus that will help offset the pandemic-spurred downturn, infrastructure experts say.

Bond restructurings are expected to save Virginia's public colleges and universities $300 million by deferring debt service payments for two years.

Billions of public funds have been spent cleaning up the bay, but two lawsuits say those efforts are endangered because the EPA failed to do its job.

Municipal bond issuers in the Southeast sold $27.7 billion of debt, down 7% year-over-year as the region saw fewer big transportation and prepay gas deals.

Refundings and taxable deals were also up substantially, driving the region to $75 billion of municipal bond volume, up 32.6% from 2018.

Gov. Ralph Northam and the Virginia Legislature's new Democratic majority want higher gas taxes and new bond financing plans to support road and rail projects.

Jail bonds are being targeted for audits by the IRS this year with respect to whether federal government use of locally built facilities or management contracts with localities causes excessive private business use.

Forecasters predict the Washington D.C. area population will grow by more than a million people by 2045.

The $1 billion bi-state agreement includes building a wider bridge over the Potomac and adding tolled express lanes.