Economy

The Greater Cleveland Regional Transit Authority is coming to market Tuesday with $51 million of transportation bonds backed by a countywide sales tax.

Phillip Washington, chief executive of the Regional Transportation District in Denver, was named to head the Los Angeles County Metropolitan Transportation Authority.

Gov. Charlie Baker has filed legislation to allocate $200 million in funds to Massachusetts cities and towns for local transportation infrastructure improvements.

The Highway Trust Fund will be insolvent this summer without new revenues to bolster gas tax collections, CBO says in new analysis.

On the final day of the legislative session, Utah lawmakers passed a bill that raises the state fuel tax for the first time since 1997.

The California Supreme Court will review appellate court ruling that San Diego Association of Government's 40-year transportation did not meet environmental laws.

The Central Florida Expressway Authority will close on a $193.7 million TIFIA loan March 25 as part of the financing for the Wekiva Parkway.

Standard & Poor’s raised Wisconsin-based Bellin Health’s rating by one level to A-plus ahead of its upcoming $45 million refunding issue.

A higher federal gasoline tax offset by an income tax rebate could unsnarl the revenue gridlock in Congress blocking a multiyear highway bill, ARTBA says.

Renown Regional Medical Center, a Reno, Nev. hospital, received a one-notch rating upgrade to A from A-minus based on its improved financial profile and changes Standard & Poor's made to the way it rates stand-alone hospitals.

An Australian fund manager’s $5.72 billion bid for the 75-year lease of the Indiana Toll Road bodes well for the P3 sector and suggests rising interest among pensions in investing in American infrastructure.

Road builders association says it has a plan to untangle the congressional gridlock on federal transportation funding.

Prime Healthcare backed out of deal to purchase California's ailing Daughters of Charity Health System, a six-hospital chain, because it objected to conditions imposed by California Attorney General Kamala Harris.

An Australian company is set to pay $5.7 billion for the 75-year lease of the Indiana Toll Road from the bankrupt company that bought it for $3.8 billion in 2006.

Increasing the federal gasoline tax by 10 cents per gallon to generate enough revenue to fully fund a multiyear federal transportation bill could, in turn, be offset by a 2% drop in the top margin income tax rate, the nonpartisan Tax Foundation said in a recent report.

Philadelphia Mayor Michael Nutter has proposed a 2016 budget proposal that aims to tackle rising pension and healthcare costs.

The state of Kentucky will provide half of the financing needed to build a state-of-the-art medical research facility that will target diseases that disproportionately affect residents of the Commonwealth.

The Sierra Kings Health Care District in California has paid the U.S. Treasury $20,000 to settle tax issues and preserve the tax-exempt status of bonds it sold in 2007 and 2009.

Two Texas senators have added to the anti-toll legislation in the 2015 legislative session, filing bills to limit the use of public-private partnerships to non-toll projects and other legislation.

Pressure from constituents may be best hope for quick congressional approval of a long-term federal transportation bill, industry advocates say.