Infrastructure

Tennessee Gov. Bill Haslam will not propose an increase in the state’s gasoline and diesel taxes during the 2016 legislative session.

Indiana lawmakers are considering three competing proposals to provide additional funding for state transportation projects.

Capital needs are rising in the public transportation sector as aging infrastructure must be repaired or replaced, S&P says.

Gov. Gina Raimondo’s plan to impose highway tolls on trucks in Rhode Island is based on faulty revenue projections, said a trucking industry-commissioned study.

Missouri will go ahead with planned road work with unexpected jump in gas tax revenues and a five-year extension of federal highway funding.

Omnibus federal budget law revives more than $2 billion of unexpended state road earmarks for new use.

Nebraska would accelerate work on an unfinished expressway with funding from a proposed transportation infrastructure bank.

The South Carolina Chamber of Commerce wants a $600 million increase in annual transportation funding.

States are looking at special taxes and user fees as number of alternatively fueled vehicles grow.

Louisiana needs more robust sources of transportation revenues to restore its highway system, transition panel says.

New tolled express lane west of Denver is meeting early expectations for congestion relief within the I-70 corridor.

The gasoline tax and other dedicated taxes and fees provide about 70% of the funding in the new five-year, $305 billion FAST Act, but that level of support will drop to about 50% when the measure expires in October 2020, said Peter Nonis, senior manager for federal relations at the American Society of Civil Engineers.

The search for a robust revenue source to supplement or even replace the federal gasoline tax will pick up speed in 2016.

The new five-year federal transportation funding law has opportunities as well as some limits for P3 project financing.

States will face funding challenges in 2016 as lawmakers look for ways to raise revenues for local highway projects during an election year.

Smooth sailing is seen for toll road credits in 2016, as positive performance trends are expected to continue in the new year, Fitch says.

North Carolina Gov. Pat McCrory wants local leaders to vote again in support of controversial P3 express lane project.

Virginia’s transportation taxes are $1 billion less than expected due primarily to low revenues from its gasoline sales tax.

Global equity investors and sponsors continue to demonstrate strong interest in investing in U.S. infrastructure, notwithstanding the relatively anemic pipeline.

Tax regulators are open to the idea of writing special issue price rules that would treat bonds sold in competitive deals differently than those sold in negotiated deals, Treasury Department associate tax counsel John Cross told issuers meeting here on Friday.