Economy

New York's MTA said Monday it would spend $18 million to restore and improve service on subways, buses and commuter trains that it cut sharply three years ago.

On Nov 5, Miami-Dade County voters will decide whether to tax themselves to issue $830 million of general obligation bonds for capital needs at Jackson Health System.

The Port of Oakland approved a litigation settlement agreement that extends lease agreements that were set to expire in 2016-17 on several cargo terminals.

Arkansas will take to market in September a $300 million tranche from $1.3 billion of sales tax bonds for highway projects set for sale over the next 10 years.

The Texas House and Senate are moving toward final approval of an $800 million transportation funding measure

Gov. Deval Patrick promised to veto an $800 million transportation bill the Massachusetts legislature passed, but lawmakers are in position to override it.

Los Angeles Mayor Eric Garcetti announced three appointments to the Los Angeles County Metropolitan Transit Authority board.

The U.S. Department of Transportation has suspended consideration of a $5.5 billion loan request for a high-speed rail project from Las Vegas to Southern California.

The Bay Area Toll Authority will come to market with its first new money deal in three years, selling $750 million in subordinate toll revenue bonds.

The newest U.S. Senator, Ed Markey, has been assigned to the Commerce, Science and Transportation committee, which splits jurisdiction over transportation issues with the Environment and Public Works Committee.

The American Association of Airport Executives is urging Congress members to permanently eliminate the alternative minimum tax penalty on airport-issued private activity bonds.

Louisiana State Bond Commission will consider a proposal for a $82 million refunding of state gasoline tax bonds issued in 2009 as Build America Bonds.

The Denver suburb of Aurora has approved a $25 million tax subsidy to build a conference center hotel at the Anschutz Medical Campus.

Chicago O'Hare International Airport's new customer facility charge bond credit established to help finance a consolidated car rental center received a first-time rating of Baa1 from Moody's Investors Service.

Texas Gov. Rick Perry on Tuesday signed a bill creating a new university and medical school in South Texas’ Rio Grande Valley by merging two existing University of Texas branches.

Moody's Investors Service downgraded Temple University Health Systems to Ba2 from Ba1 Tuesday.

The Dallas County Hospital District lost its triple-A rating from Fitch Ratings Friday as construction of a $1 billion replacement for Parkland Hospital neared completion.

New York State has promised to give the financially distressed SUNY Downstate Medical Center $89 million over the next two fiscal years.

Michigan's emergency loan board Monday approved a move by Pontiac emergency manager to suspend the city's retiree health care payments for up to two years.

The Ohio Turnpike Commission plans to come to market the week of July 29 with $1.1 billion of turnpike bonds backed by a new credit pledge that is key to the state's future transportation funding plans.