Infrastructure

As Mayor of Corning, N.Y., Tom Reed saw how capital could be raised for road, water and sewer improvements through the issuance of tax-exempt bonds.

President Obama threatens to veto a House committee's fiscal 2016 transportation appropriations bill over low funding levels.

Fitch says states will delay transportation projects due to uncertainty over the most recent short-term extension of the federal HTF.

A long-term transportation bill offered by the Senate Finance Committee would be likely to include some new type of private-activity bond, a Government Finance Officers Association official said here.

Sponsors of a high-speed passenger rail train project in Florida want an authority to issue $1.75 billion of private-activity bonds for it as soon as June 22, while a U.S. District Court considers requests from two counties to enjoin or stop the Transportation Dept.’s allocation of the PABs to the project.

A $2.3 billion transportation funding program was proposed for federal lands following closure of a disintegrating Washington bridge.

Bills that would put in place President Obama’s six-year, $487 billion transportation proposal or set up regional clearing-houses for public-private partnerships were recently introduced and are pending before Congress.

Special highways panel says West Virginia needs to increase transportation funding by $1.1 billion per year.

States have pulled back up to $2 billion of scheduled road projects due to uncertain federal transportation funding.

Few options that could provide enough revenue to increase transportation spending seem politically feasible, Moody’s says in new report.

Congressional study says airports lack adequate infrastructure because revenues for airport expansions and improvements are limited.

Rep. Brian Higgins, R-N.Y. has introduced a bill that would direct the Transportation Department to establish a competitive grant program for state and local governments, as well as transit and port authorities, to help finance their infrastructure projects.

Congressional Democrats, White House may find it difficult to end short-term HTF extensions when latest one lapses.

The House voted 387 to 35 on a bill Tuesday night that would reauthorize surface transportation programs for another two months and avoid a cutoff of federal reimbursements to states for highway and transit projects during the busy construction season.

The House may vote Tuesday on a two-month extension of federal transportation funding that otherwise would end May 31.

A Senate proposal would stretch the current Highway Trust Fund extension to keep federal transportation dollars flowing.

Senate Environment and Public Works Committee leaders plan June vote on six-year highway bill. The Committee for a Responsible Federal Budget recommends a path for sustainable highway funding.

Against a backdrop of urgency and uncertainty, transportation advocates are offering alternative revenue streams for New York's MTA.

An issuer’s fare revenues for bus service along privately operated highway lanes would not cause bonds to be used to finance the lanes to be private-activity bonds, the Internal Revenue Service ruled.

Lawmakers who vote to raise state gas taxes don't face an irate electorate at the next election, according to an analysis in seven states. Rep. Deb Fischer, R-Neb., introduced a bill to create a National Infrastructure Bank.