Economy

The former head of the Illinois State Toll Highway Authority has joined Chicago Treasurer Kurt Summer's office.

Chicago's efforts to solve its pension funding crisis could negatively impact O'Hare International Airport's growth prospects, Moody's Investors Service warns in a new report that otherwise offered the city good credit news in affirming the airport's debt.

Illinois-based OSF Healthcare System won an upgrade ahead of its September new money and refunding sale for $367 million in recognition of its improved financial performance.

West Jefferson Medical Center, La.'s bond ratings were cut three notches to Ba2 due to a "precipitous" downturn in operating performance, Moody's Investors Service said.

State lawmakers have authorized more than $8 billion of new road bonds in 2015, with billions more of new revenues up to the voters in fall elections.

Workers began installing the first sections of rail on the Long Island Rail Road's $388 million Double Track Project, funded in the MTA capital plans.

Pittsburgh-based PNC Capital Markets LLC hired public finance banker Kerry Rudy in Chicago to lead its national healthcare sector and is bolstering its New York team with the addition of Lawrence Stephens to lead coverage of the city.

Transportation advocates target 16 members of key House committees with radio ads for multiyear highway and transit funding.

Moody's Investors Service upgraded Citrus Valley Health Partners, Calif.'s underlying revenue bond ratings to Baa3.

The reconstruction New York's LaGuardia Airport could trigger more public-private partnerships including the proposed air-train connector, P3 experts say.

Livery-service tax overhaul could help fill the $2.6 billion gap in New York MTA's proposed capital plan, said the Citizens Budget Commission.

Moody's revised its outlook on the nonprofit health care sector to stable from negative, where it has been since 2008, citing significant gains in several key areas.

Phoenix voters have approved a $31.7 billion transportation plan funded by an increase in a dedicated sales tax.

A federal judge this week sided with Ohio when he dismissed a lawsuit challenging the use of Ohio Turnpike toll revenue to fund projects that aren't on the turnpike itself.

The New York Power Authority finished $2.1 million in energy efficiency upgrades at the MTA's Metro-North Railroad North White Plains Train Yard.

Fast-growing Montomery County north of Houston will vote again on $280 million of road bonds that were defeated in 2014, county commissioners decided.

Virginia's proposed $2.1 billion project to reduce congestion on Interstate 66 can go ahead as a public-private partnership.

A local engineering firm and its founder made a $2 million donation that provides one quarter of the local matching funds needed to qualify for federal grants on a $119 million runway project.

A $1 billion funding gap could jeopardize completion of the Green Line streetcar extension north of Boston, Massachusetts transportation officials say.

Diane Stanton began work Monday as executive director of the California Health Facilities Financing Authority, a conduit issuer for the state's non-profit hospitals, according to the treasurer's office.