News and Information from Bond Buyer

New York's MTA board is weighing an $11 million addition to its $429 million contract with Bombardier and Siemens for train controls that would inhibit speeding.

Puerto Rico Gov. Alejandro García Padilla will propose a balanced budget and a four-year economic plan Tuesday night, his chief of staff said.

The impact of technology on the financial markets was discussed at a Milken Global Conference panel on changes wrought by regulations passed in the wake of the financial meltdown of 2008.

Rallies in California general obligation bonds and New York City Water and Sewer bonds may be running out of steam after yields declined, traders said Monday.

Gary, Ind. is set to enter the market this week with its first bond sale in nearly a decade, and at the same time is advancing a plan for a second borrowing.

With more than $6 billion invested in airport rail links, cities in the Southwest envision a new way of doing business.

A Michigan board Monday approved two emergency loans to help cover payroll for a pair of distressed local school districts.

The Alaska Legislature adjourned Friday after passing a revised version of the Knik Arm Bridge bill which would transfer control of the $900 million project to the State Department of Revenue.

Georgia Gov. Nathan Deal signed a $42.4 billion fiscal 2015 budget into law on Monday.

Standard & Poor's Rating Services said it lowered its issuer credit rating to BBB from BBB-plus on Pinckney Community Schools, Mich.'s existing general obligation debt.

Standard & Poor's Ratings Services lowered its long-term rating to BBB-plus from A-plus on Lindmore Irrigation District, Calif.'s revenue certificates of participation (COPs), series 2010A.

The Treasury Department expects to pay down $78 billion with its quarterly refunding, and end the quarter with a $130 billion cash balance, it announced Monday.

Standard & Poor's Ratings Services said it lowered its issuer credit rating to A from A-plus on Romeo Community School District, Mich.'s general obligation debt outstanding due to a weakened general fund balance.

Among signs of increased spending and reduced revenues in Nassau County, N.Y., Moody's Investors Service has raised concerns.

Wells Fargo links limited supply of transportation infrastructure bonds to uncertainty over federal funding.

With two new settlements in hand, Detroit's attorneys at a hearing Monday touted the city's recent progress, with the judge calling the series of deals unprecedented in Chapter 9 history.

Non-dealer municipal advisors are concerned that the Municipal Securities Rulemaking Board's proposed rule on MA supervisory requirements could be costly to the market without greatly benefiting the issuers it is designed to protect.

New York's MTA expects its tentative five-year deal with Transport Workers Union Local 100 to cost $525 million, according to an authority document.

Long-term municipal bond yields rose on Monday during an equity rally.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.020% high rate, down from 0.030% the prior week, and the six-months incurred a 0.045% high rate, off from 0.050% the week before.