Economy

Oregon Department of Transportation leaders said they will begin layoffs Monday after lawmakers adjourned without passing a transportation funding bill.

The deal is the second large bond issued from the Public Energy Authority of Kentucky this year.

Reduced ridership, political backlash, and zero-fare agencies are challenging transit system finances.

Senator Joni Ernest has reintroduced the Modernizing Agricultural and Manufacturing Bonds Act, long- simmering bipartisan legislation backed by the CDFA and BDA.

Oregon's Senate president altered the make-up of the transportation committee to get the massive tax bill passed.

A federal judge has issued a temporary injunction against the U.S. Department of Transportation's attempt to withhold federal funds from states judged to be in noncompliance with the Trump administration's immigration policies.

The bonds will help fund the agency's capital improvement plan.

The action stems from conduct that occurred from 2020-2023, FINRA alleged.

Fitch cited the authority's stronger margins in recent years.

The tribal movement toward energy independence through renewable-powered microgrid projects has been slowed, if not stalled, by shifting political winds.

The U.S. Virgin Islands WAPA said the Public Service Commission's reduction of electric rates jeopardizes its ability to pay bills and provide electric service.

The action follows an upgrade for the sole purchaser of its power.

The MSRB's decision to rescind the one-minute trade reporting deadline "comes after months of dialogue and engagement with market participants," MSRB President and CEO Mark Kim said.

The upshot of the report by Payden & Rygel's Travis McGahey is that the risk of severe credit deterioration and bond defaults remains low.

The utility expects the bonds to have an all-in true interest cost of 4.91%.

The muni market's self-regulatory organization has undergone major changes in its five decades, and challenges are ahead.

The Illinois General Assembly sent Chicago transit agencies closer to the fiscal cliff, adjourning without sending a funding bill to Gov. JB Pritzker.

Colorado's largest water utility is prohibited from expanding Gross Reservoir, but can continue construction on Gross Dam, according to the ruling.

The twin Transportation Corridor Agencies issuers in Orange County, California, received Fitch Ratings upgrades for fiscal prudence and bond buydowns.

"It is FINRA's position that, for multiple reasons discussed in its brief opposing Alpine's petition for writ of certiorari, the case did not meet the Supreme Court's standards for review," FINRA said.