Economy

The Puerto Rico governor signed a bill amending an oil tax rise bill, opening the way for potential inflation adjustments to the oil tax.

The recently announced move by Mercedes-Benz to relocate its U.S. headquarters to Atlanta is credit positive for Atlanta and Fulton County, Moody's Investors service said Jan. 15.

The Louisiana State Bond Commission Thursday gave its approval for the New Orleans Aviation Board to issue up to $700 million for a new terminal.

Weakening gasoline tax revenues will force Missouri to concentrate limited financial resources to road work on major arteries.

Gov. Charlie Baker named Northeastern University policy wonk and transit advocate Stephanie Pollaack as Massachusetts secretary of transportation.

Illinois-Based Rush University Medical Center hits the market Thursday with its first time issue in more than five years accompanied by a trifecta of good credit news on the $500 million refunding.

New Jersey Assembly Speaker Vincent Prieto and Senate President Steve Sweeney announced on Jan. 14 that the Port Authority is tabling plans to eliminate overnight PATH train service.

Chamber of Commerce chief Tom Donahue says oil price drop makes federal gas tax increase seem more attractive.

As Alabama sells the final tranche of bonds its $1 billion transportation program, other states gear up for legislative sessions aimed at funding billions in back-logged needs.

Minnesota would impose a tax on wholesale sales of gasoline to help generate at least $800 million in new revenue annually for transportation projects under a proposal unveiled by Senate majority leaders.

Moody's Investors Service affirmed its A1 underlying long-term rating on Queen Health System of Hawaii ahead of its plans to price $403 million in revenue bonds.

Maine's $2 billion, three-year transportation program is designed to upgrade the state's infrastructure despite sluggish federal highway funding.

Pennsylvania DOT has finalized all terms for the department's $899 million Rapid Bridge Replacement Project, Secretary Barry Schoch confirmed.

Connecticut's Bond Commission approved $5.75 million toward new railroad stations on the New Haven-Hartford-Springfield line and the New Haven line, Gov. Dannel Malloy said.

Three former chairmen of New York's MTA called on Gov. Andrew Cuomo and state lawmakers to fully fund the authority's $32 billion capital plan.

The $996 million federal grant Massachusetts received to extend a Boston-area Green Line streetcar route is a credit positive, said Moody's.

Raymond James has hired health care veteran Pete Lawson as a managing director to co-head hospital mergers and acquisitions in the firm's health care finance group. He is based in Naples, Fla.

New IBTTA president Javier Rodriguez seeks more toll options to fund investments in transportation infrastructure.

Puerto Rico Gov. Alejandro García Padilla announced Friday evening that he was recommending a new leader for the Puerto Rico Highways and Transportation Authority.

Tennessee highway coalition drums up support for an increase in state taxes and fees for infrastructure projects.