Economy

Lisa Telles has been named acting chief executive officer of the Transportation Corridor Agencies, Orange County, Calif.'s 67-mile toll road system.

The Port Authority of New York and New Jersey's toll increases were necessary to keep the agency's facilities in a state of good repair, according to independent reports made public on Wednesday.

The North Texas Tollway Authority approved refunding up to $150 million of toll revenue bonds.

The Louisiana State Bond Commission will select underwriters and bond counsel for $334 million of revenue bonds backed by the state highway improvement fund.

The Atlanta City Council reauthorized a $350 million commercial paper program for Hartsfield-Jackson Atlanta International Airport.

Standard & Poor's revised the outlook on New Jersey's general obligation bonds to negative from stable, based on the state's structural imbalance and optimistic revenue assumptions.

The University of Colorado Hospital Authority will issue $290 million of bonds this week to add Memorial Health System of Colorado Springs to its new statewide network in a deal nearly sidelined by a lawsuit over pension programs.

Arkansas will pay a true interest cost of 1.62% on $225 million of grant anticipation revenue vehicle bonds priced won by JPMorgan in a competitive sale.

Transportation advocates are upset about the sequestration cuts. Although most dedicated funding sources for transportation infrastructure were protected from the mandatory spending reductions, highways and airports could both take a hit if Congress doesn't act.

New York's Metropolitan Transportation Authority will hold a $1 billion refunding bond sale as budget uncertainty, a court appeal and fare increases hover.

Michigan State Sen. Mike Kowell plans to introduce bills to create a new statewide port authority that could issue bonds for economic development projects and expand powers of the Detroit Wayne County Port Authority.

Starved for capital funding, the Regional Transportation Authority of Illinois unveiled a $2.5 billion borrowing proposal Friday that relies on projected growth in existing revenue streams and maintenance savings to repay.

The chairman of New York's Metropolitan Transportation Authority warned about reducing or even eliminating unlimited fare and other MetroCard discounts.

Standard & Poor's affirmed Connecticut general airport revenue bonds for Bradley International Airport at A-minus, and assigned that rating to a new deal.

After an overhaul of its parking authority, the Scranton, Pa., City Council voted unanimously to cover an authority bond payment due Saturday.

An adverse ruling from the Hawaii Supreme Court regarding archaeological surveys for native Hawaiian burial sites has halted construction on Honolulu's $5.16 billion elevated rail project.

Chicago's proposed new use agreement with Midway International Airport's airlines calls for more than $1 billion in capital and maintenance spending over its 15-year term as the city continues to weigh whether to privatize operations.

The Illinois Finance Authority advanced more than $345 million in new-money and refunding issues for healthcare, higher education, and cultural institutions.

More than a third of Massachusetts hospitals lost money in fiscal 2011, according to a state report that comes as providers brace for a cost-containment law.

Broward County, Fla., launches a $2 billion capital improvement program for Fort Lauderdale-Hollywood International Airport Wednesday with the sale of $636 million of bonds.