Economy

The Port Authority of New York and New Jersey won a court battle against the Automotive Automobile Association's efforts to block a planned December toll hike.

The Chicago Transit Authority's $1.4 billion 2015 budget won the endorsement of the Civic Federation of Chicago in recognition of the agency's fiscal strides.

New York MTA Chairman Thomas Prendergast and several board members called for a full-court press on Albany officials to fully fund its four-year capital program.

Puerto Rico lawmakers are wrangling with Gov. Alejandro García Padilla over ways to boost the finances of the Puerto Rico Highways and Transportation Authority after the governor's plan to raise oil taxes reportedly ran into opposition.

New York Assemblyman Phillip Goldfeder asked Gov. Andrew Cuomo to direct a portion of $5 billion in budget surplus to restore the abandoned Rockaway Beach rail line.

President Obama is pushing for Congress to take up his proposed $302 billion, four-year Grow America Act before the extension of the Highway Trust Fund expires in May, a top Transportation Department official said Tuesday at The Bond Buyer's Transportation Finance/P3 Conference.

San Francisco's toll bridge agency is planning to sell $814 million of refunding and revenue bonds next month.

High speed rail in the U.S. is stymied by a lack of political will and no dedicated funding.

The Gary/Chicago International Airport, located in struggling Gary, Ind., is making its first bond market appearance this week with the sale of $30 million of tax increment-backed bonds.

New York's Metropolitan Transportation Authority unveiled its proposals late Monday to increase fares and tolls by 4% over the next two years.

Installing London- and Paris-style platform doors in New York subways could also provide a badly needed revenue stream, said one MTA board member.

Charlotte, N.C., wants the FAA to settle a lengthy governance dispute between local and state officials over Charlotte Douglas International Airport.

The failure of Congress to agree on sustainable, long-term federal transportation funding is leading to more local solutions.

A $63.7 million remarketing of Triborough Bridge and Tunnel Authority general revenue bonds triggered strong retail demand, according to New York MTA’s finance manaher.

Virginia Transportation Secretary Aubrey Layne says new P3 rules remove the mystery from the selection process.

The Wisconsin Department of Transportation proposed a series of tax and fee hikes to raise $750 million over the next two years to address a funding gap.

The Arizona Transportation Board will enter rush-hour traffic to the refunding market this week with a $457 million issue expected to bring net present value savings of better than 5%.

Metra, the transit agency that provides commuter rail linking Chicago suburbs to Chicago, approved a 2015 budget that sets the stage for the agency's debut as a tax-exempt borrower with an inaugural $100 million issue.

A group of northwest Indiana counties is eyeing a bid for a 75-year lease of the Indiana Toll Road that would be financed with more than $4 billion of tax-exempt revenue bonds.

The Metropolitan Washington Airports Authority approves a $1 billion capital construction program at Reagan National Airport.