Economy

New York MTA’s derivatives program reduces budget risk through interest-rate and fuel-hedging strategies, said finance director Patrick McCoy.

Property developments around DART’s light rail stations are important factors in the strong North Texas economy.

The tax supporting a $38 million bond deal for a rural Alabama hospital faces a legal challenge, though supporters say a state constitutional amendment on the Nov. 8 ballot should cure the problem for Chilton County and other localities, including Jefferson County.

The Regional Transportation District that serves metro Denver will continue to grow its rail and bus system with $197 million of revenue bonds.

Catholic Health Initiatives and Dignity Health are in negotiations that could result in creation of the nation’s largest nonprofit hospital chain or another form of “alignment.”

Maryland will seek a federal grant for subsea rail tunnel in Baltimore after striking out in the first round.

Illinois voters will decide Nov. 8 whether to bar future diversions of transportation revenues to balance budgets or fund non-transportation related expenses.

A $3.3 billion project to expand a subsea tunnel system at Hampton Roads, Va., will be financed with a combination of bonds, toll revenue, and gas tax revenue under a plan approved a regional planning agency.

The Illinois State Toll Highway Authority's proposed 2017 budget calls for nearly $1 billion in capital spending supported by $300 million in toll-backed borrowing.

Illinois-based Edward-Elmhurst Healthcare received an A rating from Fitch Ratings as it prepares to come to market to refund old debt issued by the two systems that joined forces in 2013 and establish a new obligated group.

Wisconsin-based Sauk Prairie Memorial Hospital Inc.'s rating fell deeper into junk after a three-notch downgrade from Moody's Investors Service.

Virginia road planners will evaluate local requests for $9 billion of state funding.

Chicago heads into the market next week with nearly $1.1 billion of O’Hare International Airport paper -- one of the city’s more digestible revenue-backed credits generally insulated from the city’s pension and budget ills.

Two groups submit acceptable financial plans for Virginia’s $2 billion P3 plan to expand I-66.

Big-ticket transit plans are riding on the outcome of ballots cast in densely populated Wake County, N.C., and Atlanta in November, where voters are being asked to increase sales taxes to fund those plans.

Chicago’s motor fuel bonds and a Transportation Infrastructure and Innovation Act loan fell a notch Tuesday as S&P Global Ratings’ moved the ratings down in tandem with its recent downgrade of the state’s general obligation rating.

The Transportation Department fast-tracked the Hudson Tunnel replacement portion of the $24 billion Gateway Program.

New Jersey’s 23-cent gas tax hike, and its offsetting tax cuts in other areas, will help the state’s current 2017 operating budget at the expense of raising budgetary pressure for 2018 and beyond, according to S&P Global Ratings.

The Illinois Finance Authority signed off on $800 million of borrowing plans by several Illinois-based not-for-profit health systems and a Chicago art museum joining the parade of issuers to hit the market this quarter with both new-money and refunding paper.

Vanderbilt University received an upgrade to triple-A ahead of its first foray into the bond market since separating financially from its medical center.