Economy

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.

Blue ribbon panel studying Seattle area’s road funding needs says mileage fee is most sustainable revenue option.

The Massachusetts Bay Transportation Authority intends to hand its oversight board a $2 billion budget that trims its structural deficit from $242 million to $80 million.

Growth in the P3 market has been slow and fragmented so far, but it is positioned for rapid growth, Moody’s Investors Service says.

A two-year reauthorization of the Federal Aviation Administration under consideration this week by a Senate committee would provide more federal funding for runways and other infrastructure while keeping the revenue source used to back bonds financing terminal projects at its current level.

The Texas Department of Transportation plans to offer $624 million of general obligation bonds bearing the state’s triple-A credit in April. The deal will be the largest from a Texas issuer so far this year.

Presence Health, one of the Chicago area’s largest not-for-profit systems, is under review for a downgrade as Moody’s Investors Service digs into its fiscal 2015 results.

Democratic presidential candidates favor more infrastructure spending while three of four Republican contenders want to curtail federal funding.

The savings are that New York City Mayor Bill de Blasio trumpets from significant changes to the city’s employee health plans are a matter of debate.

The South Carolina state Senate on Wednesday approved a road bill that would dedicate $400 million a year of recurring revenue to highway upgrades without raising the state’s gasoline tax.

Indiana lawmakers compromised on a $1 billion, two-year road building program that delays decision on long-term transportation funding.