Economy

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.

An international consortium of investors and project developers plans to issue $272 million of private activity bonds to build toll lanes in one of the Houston area’s most congested corridors.

State officials say a 45% road funding shortfall will cripple Minnesota’s highway expansion plans by 2018.

Ohio-based Kettering Health Network won an upgrade from Standard & Poor’s ahead of its upcoming $90 million sale.

San Francisco-based Dignity Health had its outlook revised to negative from stable by Standard & Poor's, which cited a decline in financial performance.

Outside-the-box approaches to New York's regional transportation woes still beg the question of funding.

Ascension Health Alliance, the nation's largest not-for-profit healthcare system, plans to sell about $1.9 billion of debt over the next month.

Louisiana’s fiscal problems require that the state alter how it prioritizes capital outlay projects, particularly those financed with state bonds, said Commissioner of Administration Jay Dardenne.

Members of a House panel rebuffed a request from WMATA for $300 million per year of additional federal funding.

A plan to reduce Oklahoma’s $1.3 billion budget shortfall would include $500 million of bonds for highway projects under a plan announced by Gov. Mary Fallin.

Upgrading San Francisco’s vulnerable northern seawall to protect against earthquakes and rising sea level could cost $5 billion.