Economy

The Southeastern Pennsylvania Transportation Authority has proposed a $1.4 billion 2017 fiscal budget that spares riders a fare hike.

Private investors in Maryland’s multi-billion dollar Purple Line P3 rail project will finance their share of construction with a federal loan and private-activity bonds.

The Los Angeles County Metropolitan Transportation Authority could ask voters to approve an additional half cent sales tax in addition to extending one passed in 2008 to fund $120 billion of transportation projects.

Mississippi state senators approve a placeholder measure that keeps a proposed gas tax increase on the table.

The Metropolitan Atlanta Rapid Transit Authority could pursue a portion of its $8 billion expansion plan under terms of a bill Georgia legislators passed shortly before adjourning.

Baylor Scott & White Health, the largest not-for-profit healthcare system in Texas, will issue $536 million of taxable and $382 million of tax-exempt bonds.

Good Shepherd Health System faces a rising risk of default on $150 million of debt as the East Texas nonprofit seeks a merger partner, Moody’s Investors Service says.

An overhaul of LaGuardia Airport is closer to taking flight after the Port Authority of New York and Jersey Board of Commissioners voted to approve a public-private partnership for the $4 billion project.

The Gateway Tunnel rail project connecting New Jersey to Manhattan received a commitment for $70 million in an effort to fast-track the estimated $20 billion initiative.

Chicago Transit Authority will use a $255 million federal TIFIA loan to replace more than 800 rail cars.

States can compete for $95 million of federal grants for experiments with user-based road funding mechanisms.

Indiana Governor Mike Pence signed into law $1 billion in new road and bridge funding for the next two years.

New York’s MTA expects to know the fate of its five-year capital program by the end of the month, said Chairman Thomas Prendergast.

Junk-rated California hospital chain Verity Health received an outlook boost Wednesday, when Standard & Poor’s boosted its outlook to stable from negative while affirming its CCC rating.

The University of Pennsylvania received a one-notch bond rating upgrade from Moody’s Investors Service, to Aa1 from Aa2.

A higher-than-expected 2015 operating loss at Illinois-based Presence Health is expected to trigger a technical default that would allow bondholders and banks to accelerate some debt repayments.

Sierra Club and other environmental groups filed a federal lawsuit to stop Colorado’s $1.8 billon P3 rebuild of I-70.

Atlantic City is putting its former airport property up for auction in an effort to address its massive debt burden eight years after a gamble with the land backfired.

Alabama proposal would set its gasoline tax rate to match the average fuel levy in surrounding states.

Seven cities remain in the running for a $40 million federal grant aimed at integrating high-tech with transportation operations.