Economy

Moody's downgraded the Chicago Transit Authority's sales tax rating, citing escalating capital needs and an unfavorable political landscape to raise revenue as the city and state grapple with pension woes.

Arkansas plans to issue $200 million of grant anticipation and revenue bonds this week to improve its interstate highways.

Moody's Investors Service downgraded Ontario International Airport's revenue bonds to Baa1 from A3 with a stable outlook affecting $67.1 million in outstanding bonds.

The airport in Gary, Ind. tapped a team that includes Guggenheim Securities and Loop Capital to advance a plan to privatize the Chicago-area facility.

With boardings down 37%, Colorado Springs Airport plans to cut costs through bond refundings and reduced hiring.

New York MTA's $200 million in catastrophe bonds to cover storm surge risk are one example of Hurricane Sandy's effect on public finance.

Moody's Investors Service revised Citrus Valley Health Partners outlook to positive from stable and affirmed its Ba2 bond rating affecting $67.7 million in rated debt.

California counties' savings from the health insurance expansion under the Affordable Care Act will be offset by other state funding cuts, according to Moody's.

New head of state highway officials group seeks national economic stability through sustainable federal transportation funding.

After a four-day strike, union workers and San Francisco Bay Area Transit management have reached a tentative agreement on labor contracts.

Rhode Island's new municipal road and bridge revolving fund generated applications from 13 municipalities requesting $29 million, Treasurer Gina Raimondo announced.

Chicago last week officially unveiled its newest $1.3 billion runway under its ongoing $8 billion O'Hare Modernization Program.

An Ohio legislative board Monday approved an expansion of the state's Medicaid program under the new federal health care law, marking a victory for Gov. John Kasich.

Indiana Monday issued a request for qualifications for firms interested in building a new toll collection system for the Louisville-Southern Indiana Ohio River Bridges Project.

Early voting is under way in Miami-Dade County where voters are being asked to approve $830 million in general obligation bonds for the public Jackson Health System.

In a complex multi-state issue, Catholic Health Initiatives expects to price about $1.2 billion of debt for its network of non-profit hospitals.

The San Francisco Bay Area Rapid Transit District strike is a credit negative for the transit system, according to Moody's Investors Service.

Arkansas lawmakers approved a plan to set aside $43 million in surplus money to limit increases in teacher health premiums.

Internal Revenue Service officials are taking a position in the tax dispute over $427.2 million of bonds issued by the Village Center Community Development District that they previously said they would not take, according to the CDD's lawyer.

After nearly two years of analysis, Indiana University has dropped its effort to privatize its parking system.