Economy

llinois and Indiana's plan to build a controversial $1.3 billion toll-road through public private partnerships cleared a key hurdle as an Illinois-based regional planning committee voted to include the project in the area's long-range plan.

The New York City Transitional Finance Authority will kick off $1.2 billion of new money bond sales with a $650 million issuance on Oct. 23.

Anticipating a default by June, Moody's downgraded $1.1 billion of debt for the State Highway 130 toll road near Austin, Texas to Caa3.

Transit historian Peter Derrick says that whatever the cost, unifying New York City's regional commuter rail systems would pay economic dividends.

Moody's Investors Service has placed Methodist Medical Center of Illinois' A2 rating on review for a potential upgrade in anticipation of the hospital becoming part of the higher rated Iowa Health System's obligated group.

Chicago plans to begin scaling back on retiree healthcare premium subsidies in its 2014 budget even though a legal challenge to its plan to phase out the subsidies for most retirees faces a legal challenge.

U.S. transportation sectors are in the doldrums with little increase in activity seen in 2013, Fitch says in new report

Honolulu officials notified a federal judge that they have met the additional environmental requirements for the city's $5.3 billion elevated rail project he outlined in a December 2012 order.

Texas lawmakers may allocate $250 million of unexpected registration fees to reverse a plan to convert some paved state roads to gravel.

Voters in gilt-edged Raleigh and Wake County, N.C., approved selling a total of $885 million of general obligation bonds for schools and transportation projects.

Colorado's Regional Transportation District could expect to spend about $1.4 billion for an extension of its FasTracks rail line to suburbs northwest of Denver, according to a study released Monday.

California Gov. Jerry Brown signed a bill exempting the state's transit workers from pension reform while suing the federal government for blocking pension reform for those workers.

The state of Oregon is priced $410 million of revenue bonds for its Department of Transportation.

Catholic Health East won its second upgrade in as many weeks after its merger with Michigan-based Trinity Health as the new system prepares to come to market with $305 million of bonds.

Indiana is looking for private companies interested in taking over its parking system and possibly building new development in downtown Indianapolis.

Florida's Citrus Memorial Hospital is poised to be sold to a for-profit chain, and redeem its junk bonds with proceeds from the deal.

Geraldine Knatz, executive director of the Port of Los Angeles, announced Thursday, that she will be retiring at the end of the year.

Moody's Investors Service has upgraded the debt of Catholic Health East to Aa2 from A2 to reflect its merger with Trinity Health.

Pennsylvania’s Office of Policy & Public Private Partnerships will accept unsolicited proposals for transportation projects from the private sector through Oct. 31.

A court ruling that overturned a freeze on retiree healthcare cost inflation in Los Angeles could be a credit negative for state and local governments, according to Fitch Ratings.