Economy

New York MTA chairman-designate Thomas Prendergast said favorable state aid might partially offset the size of a fare and toll increase in 2015.

New Orleans Aviation Board will build a smaller but more efficient passenger terminal with proceeds from $475 million of airport revenue bonds.

Gilt-edged Charlotte, N.C., will close May 7 on a $171 million deal that saw significant refunding savings as well as low borrowing costs at pricing, according to Treasurer Scott Greer.

Ratings agencies are awaiting details on the debt structure of the combined St. Luke's Episcopal Health System of Texas and Colorado-based Catholic Health Initiatives before issuing an opinion on the $2 billion deal.

Central Arkansas Transit Authority has the legal ability to issue tax-exempt bonds, but not the revenue to support the debt.

New York's Metropolitan Transportation Authority completed its first bond transaction entirely managed and underwritten by minority- and women-owned firms.

Variable-rate represents 8% of the total debt of New York's Metropolitan Transportation Authority and is well under its threshold, a finance official said.

Investors who bought $860.1 million of Charlotte Airport revenue bonds could be impaired by a bill in the North Carolina General Assembly, according to a bond attorney.

The trustee for $113 million of bonds issued for a privately owned and operated airport at Branson, Mo. are negotiating possible modifications to a forbearance agreement for the struggling airport.

A report from the American Association of State Highway and Transportation Officials details the funding plans of 30 states, including some creative options.

Illinois Gov. Pat Quinn outlined plans to spend $12.6 billion over the next six fiscal years on transportation and said more spending and borrowing for capital projects is needed.

New Orleans Aviation Board unanimously adopted an $826 million airport modernization effort financed in part with $267.5 million of revenue bonds.

New York City has issued an RFP for a new health care contract, with deputy mayor Cas Holloway calling labor contracts and benefit packages pressing challenges.

Some Pennsylvania Republican lawmakers propose using money from the expected privatization of the state's liquor stores to rebuild roads and bridges.

Fitch Ratings has upgraded Olmsted Medical Center's rating by one notch, pushing it into the A category in recognition of its strong financial profile and increasing liquidity.

Fitch Ratings last week downgraded to BB-plus from BBB-minus $30 million of revenue bonds issued for Beatrice Community Hospital.

El Paso County Hospital District will use proceeds from $152 million of certificates of obligation to build clinics and renovate a hospital in El Paso.

The New York Thruway Authority will release a finance plan for the new Tappan Zee this month or next.

Fitch Ratings dropped Manchester, N.H.'s airport revenue bonds to BBB-plus from A-minus.

A Maine legislative study of ways to pay off the state's $484 million debt to Maine's hospitals shows that a bond sale would generate the most money.