Economy

The Michigan House of Representatives Dec. 4 narrowly passed a roads funding bill that would raise $1.2 billion by diverting money now sent to schools and local governments.

How can New York's MTA grasp immediate pressing needs and still chart its long-term future?

Municipal issuers' financial challenges are preventing them from issuing more bonds to take advantage of low interest rates, Virginia Treasurer Manju Ganeriwala said here on Thursday.

Austin's $275 million of revenue bonds scheduled for pricing Dec. 9 will allow the city's growing airport to accommodate more international flights as it improves parking for aircraft and cars.

California's Bay Area Toll Authority prices $814 million of revenue bonds next week in a deal structured with an eye to the market's concerns about the potential for rising rates.

Moody's Investors Service said Tuesday it is maintaining its negative outlook on the non-profit health care sector for 2015, warning that key economic and financial conditions are expected to remain weak.

Port Authority of New York and New Jersey released its proposed 2015 budget for public review eight days before a scheduled vote on the fiscal plan.

The Puerto Rico House of Representatives is expected to approve a hike on imported oil Tuesday for the Puerto Rico Highways and Transportation Authority.

Kentucky fuel costs will fall 4.3-cents a gallon on Jan. 1, a drop that translates into a "crippling" loss of $129 million in state road funding, officials warned.

Michigan Gov. Rick Snyder is urging lawmakers to overhaul the state's gas tax formula within the next three weeks to raise up to $1.4 billion or more in new annual road funding.

Oregon must invest more in its transportation needs or face bigger bills down the road, Oregon DOT says.

The Colorado Aeronautical Board will provide only $3 million in airport grants in 2015, a fifth of the amount originally planned, officials said.

The Texas Transportation Commission plans to start 2015 with a $1.6 billion refunding of most of the debt issued for the Central Texas Turnpike System.

The U.S. Department of Housing and Urban Development is seeking a buyer for the Lakeway Regional Medical Center after the Austin area hospital defaulted on a $164 million HUD-guaranteed mortgage.

Moody's Investors Service Monday revised its outlook to stable from negative on two Illinois-based health systems in recognition of the benefits of their year-old move to join forces.

Moody's Investors Service has revised Wisconsin-based ProHealth Care Inc.'s outlook to negative after several years of softening operating results.

The Port Authority of New York and New Jersey is exploring alternatives to improve freight transportation across Manhattan waters and whatever plan is selected could impact future toll revenues in the region.

Pennsylvania is seeking qualified companies to join a public-private partnership to fund and operate transit bus natural gas-fueling facilities.

New York's Metropolitan Transportation Authority should recraft its business model, a commission appointed by Gov. Andrew Cuomo said in a long-awaited report.

Upgrading regional freight infrastructure would provide economic benefits, according to report from Brookings and JPMorgan Chase.