Infrastructure

S&P Global Ratings said revenues are not increasing to match the New York regional transit agency's expenses.

Council Speaker Corey Johnson spelled out several conditions for such an increase to MTA Chairman Joe Lhota.

Despite the absence of adequate federal funding levels, the plan advances a vision — greater involvement of the private sector with public infrastructure — and then details how the federal government will pursue this new infrastructure paradigm with its vast authorities.

The declaration could expedite contracting for repairs at NYCHA units through limited city use of design-build project delivery.

The $1 trillion infrastructure plan unveiled by Senate Democrats would be paid for by a rollback of some of the recently enacted Republican tax law provisions.

As the New York City Council held its first hearing on Mayor de Blasio’s $88.67 billion preliminary budget, "Washington" and "Albany" loomed over the proceedings.

Transportation Secretary Elaine Chao confirmed a report that President Trump lobbied House Speaker Paul Ryan against putting any funding for the project in an omnibus spending bill.

Lee County's Board of Supervisors has given the final green-light to issue $7.3 million in bond debt, with an eye toward using about half that amount within a few months time to purchase land intended for use as an industrial park.

Mayor Kirk Caldwell's plan to use city money to pay a share of the cash-strapped East Kapolei-to-Ala Moana rail project is already raising objections from at least two members of the City Council, the body that he needs to OK the major policy shift.

The cost of certification and disclosure requirements over the life of the bonds are cited as potential holdups.

Pittsburgh, whose bonds were junk in 2003, has become a national model for urban rejuvenation.

Transportation Secretary Elaine Chao said career employees within her department calculated only a 5% local funding commitment because the two states are relying on federal loan guarantees.

Diminished Washington aid and a pending downturn require prudence, the city's comptroller said.

“We’re getting our ass kicked," the Gov. Dannel Malloy said, pitching a widening of the state's most congested highway.

Rep. Bill Shuster says a federal gas tax hike is the only way to pay for an infrastructure bill and that Congress could vote on legislation after the November elections.

"We have to find new solutions," said Partnership for New York president Kathryn Wylde.

Issuers across the Southeast sold $68.5 billion of bonds in 2017, a 5.8% year-over-year decrease.

The on-time and on-budget Tappan Zee Bridge replacment helped the authority land a positive rating outlook.

The Florida House Government Accountability Committee is willing to offer Garcon Point Bridge bondholders 50 cents on the dollar.

There is no consensus on the content or how to pay for it in an election year where nothing is expected to get done after the summer and everything will be very politically sensitive.