Economy

Illinois-based MercyRockford Health System is bringing a $495 million deal to lay the groundwork for both a new hospital and new identity as Mercy Health Corp.

The Illinois Regional Transportation Authority will take bids Tuesday on $150 million of working cash notes that help the agency manage cash flow amid ongoing state aid payment delays.

New Jersey Transit is back to the drawing board looking for someone to lead the nation's third-busiest public transportation system after former Amtrak chief operating officer William Crosbie opted not to take the executive director post just days before his scheduled start date.

Congested urban highways in the U.S. add unnecessary costs to truckers as drivers spend long hours in traffic bottlenecks.

An uptick in patient volume and the November acquisition of Allegiance Health helped boost Detroit-based Henry Ford Health System’s credit rating outlook.

Missouri Senate passes a bill setting up a statewide gasoline tax referendum in November.

Political jockeying over funding for the New Jersey Transportation Trust Fund is putting capital projects throughout the Garden State in danger.

The MTA board authorized Chairman Thomas Prendergast to settle a dispute with New York City officials over the proposed 99-year lease of its former headquarters.

St. Louis-based Ascension Health Alliance is set to bring $1.9 billion of bonds to market in deals that fold into one package the system's new money needs, refunding opportunities and refinancing of inherited debt.

The fiscal 2017 federal transportation budget approved by Senate Appropriations Committee incorporates FAST Act funding.

A revised revenue estimate that is $229 million below previous forecasts will delay highway projects and force other state spending cuts, Kansas officials said.

Citing “persistent and large operating losses,” Standard & Poor’s downgraded Catholic Health Initiatives one notch to A-minus and retained a negative outlook.

The San Diego Association of Governments plans a bond sale in mid-July.

U.S. airports, ports, and toll roads should experience healthy growth in 2016 thanks to a recovering economy and low fuel prices.

The New York MTA board approved the latest, $29.5 billion, iteration of a five-year capital program that seemingly has had more delays than some of its megaprojects.

New transportation program dedicates portion of revenue from Nebraska’s gasoline tax to state road infrastructure bank.

Variable-rate debt represents a manageable 7% of New York MTA’s $36.7 billion debt portfolio, finance manager Patrick McCoy said.

Junk-rated Chicago Public Schools will offer a fiscal 2017 budget next month that relies on credit lines to help pay its bills, schools chief Forrest Claypool said.

Construction delays at the 72nd Street station could jeopardize the planned December opening of the Second Avenue subway line, New York MTA officials say.

Maryland is seeking a federal FASTLANE grant to expand a subsea rail tunnel that moves freight at the Port of Maryland.