Economy

The loan is part of an Inflation Reduction Act program that finances the restart of renewable energy projects that have ceased operations.

Congestion pricing proponents claim it will reduce gridlock, improve air quality in Manhattan and boost ridership on the MTA, which has never recovered its pre-pandemic ridership levels.

The legislation gives up to $8.84 billion in bonding authority to the New Jersey Transportation Trust Fund Authority over a five-year period beginning July 1, about $1.76 billion annually.

"What we're doing is just being prudent managing the risk," said Metropolitan Transportation Authority Chief Financial Officer Kevin Willens.

Chicago Mayor Brandon Johnson's real estate transfer tax change ballot measure – also known as the mansion tax or Bring Chicago Home – was headed for defeat.

The Intermountain Power Agency has warned that the measure, which is aimed at preserving the state's largest coal-fired power plant, poses risks to its bond-financed transition to cleaner fuels.

The new rules are expected to boost bond issuance.

Intermountain Power Agency contends the bill passed by lawmakers, awaiting action by the governor, poses a risk to bonds it sold to finance a transition to cleaner fuels.

The Fortress Investment Group-backed Brightline now anticipates carrying 4.9 million passengers between Miami and the Orlando airport.

In celebration of Women's History Month, The Bond Buyer invited one of the icons of public finance, Suzanne Shank, to talk about the importance of women in the municipal bond business. She reveals what led her into the municipal bond business and discusses her firm's continuing commitment to munis and strategy for growth. 

Gov. Tina Kotek sent a letter to transportation commissioners asking them to scrap a tolling plan for Portland-area highways that was seven years in the making.

Chicago will issue $80.865 million of Series 2024A and 2024B senior lien airport revenue refunding bonds for Midway, with a pricing date to be determined.

"Our firm is committed to expanding in regions and sectors with robust muni issuances and we view the K-14 market in California to be a great intersection of such," said Gary Hall, SWS president of infrastructure and public finance.

"In Kentucky, we're working hard to ensure our place as a leader in economic development, and this growth in exports shows our efforts are succeeding," said Gov. Andy Beshear.

Escalating costs led University of Utah Health to seek a doubling of its bonding authority from the state legislature for a medical campus project.

The Aggie bond legislation appears stuck in Congress.

The authority is one of the few investment-grade U.S. issuers actively selling triple-tax-exempt paper.

More organizations are planning bond sales, although technical factors related to the election may mean deals come early in the year.

U.S. DOT Deputy Secretary Polly Trottenberg traveled to Miami-Dade County to highlight the $27 million of funding provided under the bipartisan infrastructure law to Miami International Airport's improvement projects.

Robert Poole, a leading expert in the U.S. public-private partnership transportation sector, joins infrastructure reporter Caitlin Devitt to talk about upcoming deals including toll lanes and bridges in the Southeast and high speed rail in the West as well as states that are advancing P3s and action on the federal front. (37 minutes)