Economy

Maryland legislators have overridden Gov. Larry Hogan’s veto of a bill requiring ranking of transportation projects.

As it delivers growing numbers of commuters through Houston’s congested car culture, the Metropolitan Transit Authority of Harris County will make a side trip to the municipal market with $136 million of refunding bonds.

The Indiana Finance Authority’s $250 million 2014 private activity bond issue for the I-69 Section 5 project received a one-notch Fitch Ratings downgrade to BBB-minus.

The Philadelphia Area Municipal Analyst Society will explore how the city’s academic medical centers can adapt to stay ahead of a rapidly evolving healthcare environment at the organization’s meeting next week.

Loma Linda University Medical Center received mixed messages from two rating agencies as it prepares what will be the municipal bond market’s largest junk rated deal of the year so far.

Ohio is highlighting the strong, multi-layered backing of its highway bonds as it prepares to sell $231 million to pay for highway capital improvements.

Cook County board President Toni Preckwinkle will introduce plans next week for a privately financed $600 million redevelopment of the county’s long-closed historic hospital along with a new $118 million bond-funded addition to its current hospital campus.

U.S. ports and their private-sector partners plan to spend a whopping $154.8 billion on port-related freight and passenger infrastructure over the next five years, according to a survey by the American Association of Port Authorities.

New Jersey Transit has named former Amtrak chief operating officer William Crosbie as the agency’s new executive director.

Florida Gov. Rick Scott signed a bill Monday creating the Florida Department of Transportation Financing Corp., to issue tax-exempt bonds for agency projects that will include public-private partnerships.

The Maryland Board of Public Works on Wednesday approved a $5.6 billion, 36-year contract with a consortium of companies to design, build, operate and maintain a 16.2 mile light rail line that will link two counties in Maryland as well as connect to Amtrak, MARC and local bus services.

The University of Texas System will seek savings with a $134 million refunding of revenue bonds.

Puerto Rico health care providers, payers and stakeholders are pressing U.S. lawmakers and administration officials to increase funding for the territory’s Medicaid and Medicare programs in legislation.

The first inventory of Texas toll roads is a starting point for future discussions about how to reduce tolling, said an anti-toll Texas lawmaker.

WellStar Health System expanded its hospital network to 11 from five after Friday’s closing on the acquisition of five hospitals from for-profit Tenet Health, and a merger with nonprofit West Georgia Health, but its ratings suffered.

Drivers’ use of toll roads, bridges and tunnels increased by 7% last year, a record-breaking rate of growth that puts tolling usage on pace to double in less than 10 years, according to a report.

Kentucky lawmakers sent Gov. Matt Bevin a sweeping bill authorizing public-private partnerships, although it prohibits tolls on any state transportation projects that connect with Ohio.

Standard & Poor’s downgraded Presence Health two notches to BBB-minus and put the rating on CreditWatch with negative implications.

The Federal Transit Administration will distribute $266 million of competitive grants this year for transit infrastructure and environmentally friendly bus projects.

Hartsfield-Jackson Atlanta International Airport launched a $6 billion, 20-year capital plan; the world’s busiest airport is part of a wave of U.S. airports spending money on infrastructure as traffic booms.