Economy

The Louisiana State Bond Commission gave final approval Nov. 15 to a negotiated sale of $350 million of highway improvement bonds to be sold in early January.

A one-hospital system in northern Ohio with low-investment grade ratings saw its $53 million deal oversubscribed by more than four times, according to the underwriter.

Pasadena, Calif.-based Episcopal Communities & Services received an A-minus rating and stable outlook from Fitch Ratings ahead of plans to refund $67.5 million in CCRC bonds.

The board of the Metropolitan Washington Airports Authority voted Wednesday to increase rates on the Dulles Toll Road, calling it necessary to finance part of the mostly bond-funded and highly controversial Silver Line rail extension to Dulles International Airport.

North Carolina Gov.-elect Pat McCrory is calling for a 25-year transportation and infrastructure plan after leading a GOP sweep of the governorship and the Legislature.

Ascension Parish, La. voters handily defeated a proposal to increase the local sales tax to support a bond-funded plan to upgrade roads.

The Illinois Finance Authority advanced $430 Million in deals for projects planned by the University of Chicago Medical Center, Advocate Health Care Network, the Franciscan Communities, and the Big Ten Conference.

Moody's Investors Service revised its outlook on Milwaukee County's general airport revenue bonds to negative from stable due to recent declines in passenger levels at General Mitchell International Airport.

Detroit Medical Center CEO Mike Duggan announced last week he will step down by the end of the year, a move largely seen as clearing the way for a run for Detroit mayor.

The small Mendocino Coast Health Care District in Northern California has filed for Chapter 9 bankruptcy protection.

Moody's downgraded to Ca from Caa1 the bond rating of West Penn Allegheny Health System, which is embroiled in a messy merger battle with Highmark.

Frederick "Bud" Wright is expected to become the new executive director of the American Association of State Highway and Transportation Officers early next year, sources said Tuesday.

The University of Texas plans to quickly form a steering committee, hire an inaugural dean and recruit faculty members for a new medical school approved by Austin voters in last week's election.

Texas lawmakers filed bills Monday for their 2013 session to boost state revenues as the state struggles to cope with a looming Medicaid shortfall and restore school funding.

Indiana’s chief budget official Adam Horst announced last week he is leaving the post to join Indiana University Health after less than a year on the job.

Oak Brook, Ill.-based Advocate Health Care Network will sell $150 million of new-money this week to finance projects including a new patient tower at one of its 10 Illinois hospitals.

The Texas Transportation Commission will refund $840.9 million of Central Texas Turnpike System debt; the system was recently lifted into the A category by Standard & Poor’s.

A judge on Friday granted Highmark's motion for a preliminary injunction against West Penn Allegheny Health System, blocking the speculative-rated health system from seeking other suitors for an affiliation.

California's non-partisan Legislative Analyst said the state's use of public-private partnerships has fallen short by using unclear processes and picking unsuitable projects.

Hurricane Sandy gave New York's Metropolitan Transit Authority a harsh wake-up call about the need to fix infrastructure in the face of climate change.