Economy

MTA officials heard Staten Island officials and residents tell them that they and other outer boroughs are shortchanged.

The Port Authority of New York and New Jersey adopted a 2015 budget Wednesday that keeps operating expenses flat while also addressing capital needs.

The Illinois Finance Authority board signed off Rush University Medical Center $600 million refunding and issues that will help finance Chicago Navy Pier's big overhaul and finance construction of a compressed natural gas station for Pace suburban bus service.

Members of Congress unveiled a fiscal 2015 spending bill late Tuesday, but some provisions tucked into the measure were drawing opposition.

Puerto Rico Gov. Alejandro García Padilla has not yet decided whether he will sign oil tax rise legislation approved by the legislature that would support the Puerto Rico Highways and Transportation Authority.

Governments should invest $163 billion a year in infrastructure to keep pace with growing transportation needs, new study finds.

A proposed $2 billion rail transport system to northeastern Utah's Uinta Basin oil producing region is shelved as the estimated cost more than doubled to $5 billion, state officials said.

Texas Department of Transportation executive director Joe Weber said he expects the upcoming session of the Texas Legislature to de-emphasize toll roads after a series of protests and a general feeling of "toll fatigue."

Gov.-elect Greg Abbott said he wants to invest an additional $4 billion in road and transportation projects in Texas without raising taxes or tolls. Abbott will succeed Texas' longest-serving governor, Rick Perry, in January as the 2015 Legislature convenes.

A Florida anti-transit tax group asks voters to remain vigilant against future attempts to fund a light-rail commuter system after defeating a tax on Nov. 4.

The Airport Commission of the City and County of San Francisco has agreed to pay the Treasury $67,000 and retire $1.145 million of Series A variable rate revenue refunding bonds issued in 2010 to settle a tax dispute with the Internal Revenue Service.

Maryland will delay bidding for two months on its $2.45 billion Purple Line P3 project so new governor can review.

Moody's Investors Service has shifted its outlook to positive from stable on Illinois-based Blessing Hospital's A3 rating in recognition of strong growth on its investments.

New York's MTA awards $194M contract to Judlau Contracting to rehabilitate the South Ferry station and fortify it from extreme flooding.

Oregon's Port of Morrow is selling $189 million of revenue bonds for the Bonneville Power Administration this week.

A cross harbor freight movement project proposal from the Port Authority of New York and New Jersey would be a positive for the regional economy, but more clarity is needed on how the initiative would be financed, according to a new Fitch Ratings report released Monday.

In its only bond deal this year, Dallas expects to raise about $530 million for new money and refunding, including debt authorized for the Trinity River Corridor Project in 1998.

After a record year of bond issuance, the Texas Department of Transportation has reduced its borrowing costs by $425 million through refunding at historically low interest rates, officials said.

Transportation infrastructure construction will grow slightly faster than the rest of the economy in 2015, according to highway construction group.

Vanderbilt University in Nashville, Tenn., plans to restructure its medical center as a separate nonprofit over the next year to adapt to the changing health care environment.