Economy

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.

The extension of a tax that supports Honolulu’s $6.9 billion elevated rail project is a credit positive, Moody’s Investors Service said.

Cleveland expects $17 million in savings on its $151 million refunding issue for Cleveland Hopkins International Airport this week.

The Port Authority of New York and New Jersey announced Monday that it established a new cargo volume record in 2015.

Congressional Republicans oppose President Obama’s proposal to fund a greener transportation system with a tax on oil.

Rating agencies affirmed a two-notch spread on Nevada's highway revenue bond ratings ahead of a $200M competitive sale.

New Hampshire Gov. Maggie Hassan is pitching a 10-year $3.7 billion transportation plan that thanks to federal assistance allows the state to tackle more infrastructure needs.

President Obama will propose $32.4 billion per year of additional funding for innovative transportation efforts with his fiscal 2017 executive budget.