Economy

Former Bridgeport, Conn. Mayor Bill Finch has been tapped to lead the New York State Thruway Authority.

A Florida court has denied Indian River County’s quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Florida’s planned private passenger rail project.

The San Francisco Bay Area Rapid Transit District Board of Directors has voted unanimously to place a $3.5 billion general obligation bond measure on the November ballot.

Kentucky, after plugging billions into its massively underfunded pensions this year, is hitting the brakes on transportation spending.

Road projects in Illinois are imperiled by lawmakers' failure to reach accord with Gov. Bruce Rauner on fiscal 2017 state budget.

Moody's Investors Service downgraded Mercy Health, Ohio's largest not-for-profit healthcare system, to A2 from A1

South Carolina Gov. Nikki Haley gave her assent to a bill authorizing $2.3 billion of revenue bonds for highway projects.

Chicago-based Presence Health received a Moody’s Investors Service downgrade that leaves it on the lowest rung of investment grade..

Construction of Maryland's Purple Line P3 rail project will be financed with PABs and a low-interest TIFIA loan.

California local government officials and other stakeholders are becoming increasingly uneasy about the lack of activity in the state legislature’s special session on transportation.

Voters in Wake County, N.C., will decide in November whether to approve a 0.5% increase in the local sales tax to fund a 10-year, $2.39 billion transit plan to reduce highway congestion in the Raleigh area.

The U.S. Department of Transportation has received 585 applications seeking $9.3 billion of Transportation Investment Generating Economic Recovery (TIGER) grants – almost 19 times more than the $500 that is to be awarded later this year.

Michael Mulhern will resign as executive director of the embattled $1.6 billion MBTA Retirement Fund, which is under fire for its secretive management,

The condition of the state’s road network will worsen without additional investments in highway infrastructure, said Illinois Transportation Secretary Randy Blankenhorn.

The Port of Los Angeles board of commissioners approved a $1.17 billion budget Friday that includes no immediate plans for long-term debt.

Unrated Scranton, Pa., announced a P3 under which nonprofit National Development Council will manage its parking system.

A nonprofit group in Austin, Texas, wants a November vote on $397 million of GO bonds for first phase of a light rail line.

The North Carolina House voted 81-27 Thursday to cancel the Interstate 77 toll road project and send the bill unwinding the state’s first public-private partnership to the Senate.

Vermont Gov. Peter Shumlin signed a $612.5 million fiscal 2017 transportation bill that boosts funding for road repaving and bridges.

Mayor Bill de Blasio's plan to prop up New York City’s hospital system has inspired skepticism for relying on outside help seen as unlikely and efficiencies that nibble on margins full of red ink.