Northeast

As the MTA works toward a post-pandemic future, Kevin Willens, formerly co-head of public finance at Goldman Sachs, becomes its chief financial officer.

Moody’s also assigned an A1 to the authority's $950 million of forward delivery refunding bonds.

Better communication will be key in future P3s, a top Maryland transportation official said.

Maryland blames a "post-pandemic market" for cost increases lifting the light rail line's price tag to $9.28 billion. The system is to open four years late in 2026.

The budget proposal reflects the state’s improving financial position, due in part to aid from the federal government.

The investment could repair 15,000 bridges across the country and requires states to set aside at least 15% for local bridges.

California officials blame a new electronic records system for reporting delays that worsen every year, though other states don't have the same problem.

Mayor Eric Adams’s proposal to ask the state to raise the Transitional Finance Authority’s bonding authority by $19 billion is being opposed by Comptroller Brad Lander.

The agency cited “the appropriation of the full actuarial pension contribution in fiscal 2022 for the first time in 26 years" coupled with improved reserves.

Katherine Craven, chief administrative and financial officer at Babson College, discusses the school's business niche, its bond-rating upgrades amid negative outlooks for higher education overall, and the outlook for the sector in the face of the pandemic. Paul Burton hosts. (Recorded on Dec. 23, 2021 and is 25 minutes long.)