Economy

Non-partisan think tank report says states should raise taxes to boost investments in public infrastructure while borrowing costs are low.

California high-speed rail officials said they plan to start the $64.2 billion project in the north, rather than in the south.

The Massachusetts Bay Transportation Authority paid out an estimated $236 million in net swap interest the past 15 years, said a Pioneer Institute report.

The Wyoming Senate rejected a measure that would have expanded Medicaid in the state, a step Gov. Matt Mead had urged support of and that he said would have brought more federal money to Wyoming.

New York's MTA will continue to sell transportation revenue bonds with a green label as long as investor demand warrants, a finance official said.

Georgia's recently enacted supplemental state budget dedicates $750 million to transportation projects.

The inadequate national investment in transportation infrastructure means it will take at least 21 years to replace or upgrade the 58,500 structurally deficient road bridges in the U.S., according to the latest bridge inventory from the Federal Highway Administration.

Verity Health System of California agreed to repay its $278.6 million in junk-rated revenue bonds at a higher interest rate in exchange for relaxed debt service coverage requirements.

Proposal by Democratic leaders in the Maryland General Assembly would restrict governor's authority to allocate transportation project funding.

State lawmakers are looking at gas tax hikes and other proposals to increase funding for local transportation projects.

Interstate tolling is one way to make federal transportation funding more productive, CBO says.

Rhode Island Gov, Gina Raimondo signs a sweeping $500 million bridge-and-road improvement bill that includes a controversial tolls for large trucks.

New Jersey could achieve more than $2 billion in annual savings by aligning public worker health care benefits more closely to private-sector employer standards, according to a new report released Thursday by Gov. Chris Christie’s bipartisan pension commission.

Federal airport grants would increase while the passenger facility charge would stay at its current level under a proposed six-year reauthorization of the Federal Aviation Administration approved late Wednesday by the House Transportation & Infrastructure Committee.

A new bill introduced in the New Jersey State Senate is aimed at advancing key roadway and clean energy projects in the Garden State through two infrastructure banks.

Next week’s planned $500 million green-bond issuance by New York MTA is significant on several fronts, said a capital markets climate change expert.

President Obama’s proposed fiscal 2017 budget includes $84 million for improvements on New York MTA’s Canarsie Line, said, U.S. Transportation Secretary Anthony Foxx.

President Obama’s proposed $98 billion budget for the Department of Transportation in 2017 includes $3.5 billion of transit grants.

Washington State sold $321.6 million of various purpose general obligation bonds and $200.5 million of motor vehicle fuel tax general obligation bonds in competitive sales Tuesday, touting the success it achieved in "volatile" market conditions.

Patrick McCoy, the finance director New York’s Metropolitan Transportation Authority, was elected president of the Government Finance Officers Association.