News and Information from Bond Buyer

The MTA's Metro-North Railroad and Mount Vernon, N.Y., will work to replace up to three priority bridges that carry vehicular traffic, said Gov. Andrew Cuomo.

A Superior Court judge in Riverside County will hear arguments Oct. 31 on a motion for summary judgment in a lawsuit brought by Ontario, California seeking the return of its airport from Los Angeles.

Residential property tax rates in Chicago have risen by more than 30% over the last decade, with other selected Cook County communities reviewed by the Civic Federation of Chicago experiencing increases of at least 55%.

The judge overseeing a retiree lawsuit challenging the city of Pontiac's effort to cut retiree health care benefits has ordered the parties into in mediation with one of the mediators of the Detroit bankruptcy case, while the city has hired Detroit's top restructuring firm to analyze its options for paying off the debt.

Bonds issued for a District of Columbia charter school in 2007 have been downgraded to B-minus from B-plus by Standard & Poor's because of pending litigation, the rating agency said Friday.

Pennsylvania's P3 board approved a project seeking a private partner to develop clean-burning compressed natural gas fueling stations at public transit agencies statewide.

Financial pressures that turned the outlook on the Woodruff Arts Center's bonds negative led the Atlanta Symphony Orchestra to postpone its season opening.

Standard & Poor's Ratings Services said it lowered its long-term rating on the village of Whiting, Wis.' 2013 general obligation (GO) promissory notes three notches to BBB-minus from A-minus.

As other Arizona cities took on long-term debt for professional sports facilities, the Phoenix suburb of Chandler gave Major League Baseball its walking papers and pursued more promising ventures. Spring training left but prosperity followed.

Managers say the uptick in volume in recent weeks has helped them diversity clients' portfolios, lowering their exposure to losses from unforeseen calamities.

US Bankruptcy Judge Steven Rhodes, who is overseeing Detroit's bankruptcy, ruled in favor of the city Monday when he dismissed a restraining order blocking the city's ability to shut off water to nonpaying customers.

Federal grants awarded to transit systems damaged by Hurricane Sandy will reduce the financial strain from future storms, Moody's said.

The Massachusetts Development Finance Agency is soliciting nominations from so called "gateway" cities for investments that can trigger sustained economic development.

The muni market strengthened on Monday morning, following Treasuries.

Liftoff is likely in the middle of next year, and rates should rise about one percentage point a year, according to an economist with the Federal Reserve Bank of San Francisco.

Fitch Ratings said it upgraded the rating on the District of Columbia's approximately $2.8 billion in outstanding general obligation (GO) bonds to AA from AA-minus.

S&P lowered its ratings to A-minus from A on bonds sold for Shands Teaching Hospital at the University of Florida, citing an upcoming $250M deal.

Tender rates for the Treasury Department's latest 92-day and 182-day discount bills were mixed, as the three-months incurred a 0.015% high rate, up from 0.010% the prior week, and the six-months incurred a 0.040% high rate, unchanged from 0.040% the week before.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.