Economy

Oklahoma system will finance almost $900 million of turnpike projects with toll revenue bonds rather than state tax revenues.

Massachusetts has completed a $500 million sale of Commonwealth Transportation Fund revenue bonds to help fund six new rail projects in the Bay State.

Voters in eight states approved 26 of 37 transportation funding proposals on Nov. 3 ballots.

The New Jersey Health Care Facilities Financing Authority appears to be settling a tax dispute with the Internal Revenue Service over revenue bonds it issued in 1993 for Deborah Heart and Lung Center, which later entered into a total return swap.

Standard & Poor's revised its outlook on the Iowa Board of Regents' University of Iowa Hospitals and Clinics to stable from negative after a decision to trim capital spending.

The House adopted a six-year, $325 billion transportation funding measure that must be reconciled by Nov. 20 with Senate's $342 billion plan.

A capital project to provide East Side access in New York to Long Island Rail Road trains is nearly 60% complete, said MTA official Michael Horodniceanu.

Pennsylvania Gov. Tom Wolf offered support for the Philadelphia Regional Port Authority’s planned development of the Southport Marine Terminal Complex during a visit Wednesday to the 196-acre site.

Michigan Gov. Rick Snyder said he will sign a $1.2 billion road funding package that cleared the legislature late Tuesday after months of fits and starts during ongoing negotiations.

House leaders hope to have a final vote Thursday on a six-year, $325 billion transportation funding bill.

Texas voters approved a new transportation funding formula that could provide $2.5 billion for highways, but the money will not start flowing right away.

While the MTA's $29 billion capital plan is under review by a panel in Albany, the sniping remains in New York.

Phoenix Plans to Issue $117.9 million of revenue bonds for Sky Harbor Airport, whose traffic appears to be growing after dominant carrier U.S. Airways merged with American Airlines.

Fitch Ratings downgraded three series of bonds issued by the Berks County Municipal Authority, Pa. on behalf of Reading Hospital and Medical Center Project to A-plus.

Fitch ratings affirmed LA/Ontario International Airport, Calif.’s A-minus rating, but also maintained a negative outlook.

Moody's upgraded MIT spinoff Broad Institute to Aa3 with a stable outlook from A1 and positive, citing sustained growth and healthy operating cash flow.

Los Angeles International Airport received rating affirmations ahead of plans to price $302 million in general airport revenue bonds.

The $325 billion, six-year transportation bill set for a vote this week in the House falls short of the level of funding needed, President Obama said.

Voters in Texas will decide $9.1 billion of local bond proposals and a statewide constitutional amendment to divert $2.5 billion of sales tax revenue to transportation.

Hawaii's airport system received upgrades from two rating agencies and an improved outlook ahead of a $250 million bond sale.