Economy

Proceeds will refund bonds and finance capital projects at the health system's three campuses near Philadelphia.

Louisiana Health Secretary Bruce Greenstein will outline the reasons behind his order cutting $550 million from the state's Medicaid program Thursday at a special joint legislative committee hearing.

The importance of passenger facility fees, often used to back bonds, has grown in recent years and is likely to continue playing an expanding role in financing airport capital projects, according to a new Fitch Ratings report.

Two toll-road operators in the Houston area whose systems interlink will issue $379 million as the systems continue to expand in the suburbs of Texas' largest city.

Fitch Ratings raised the Rush University Medical Center Obligated Group one notch to A in recognition of its consistently strong profitability and the completion of its new patient tower, eliminating construction risks on the credit.

Current revenues will curtail road building in Texas within a few years, according to testimony last week before a House Appropriations subcommittee.

Baylor College of Medicine, the largest private medical school in the Southwest, plans to issue $320 million of bonds next month to refinance fixed and variable rate debt and stabilize its financial structure, officials said.

The outlook for bond-financed transportation infrastructure remains stable, but could possibly see a downturn if the slow economic recovery loses momentum or if banks are downgraded. according to a new mid-year report from Fitch Ratings.

After a long, bumpy road, Gov. Tom Corbett signs a bill that establishes a framework for infrastructure public-private partnerships.

Nassau County received 13 responses to its request for information regarding a public-private partnership for its troubled sewer system.

As states decide whether to participate in the now-voluntary Medicaid expansion program under federal health care reform, analysts and other muni market experts say the decision will likely have little impact on states' bottom line.

An analysis of rating actions shows that public-private partnerships are highly exposed to the effects of downgrades and negatives outlooks applied to participants in the P3, according to a report from Moody's Investors Service released Thursday.

Aerostar Airport Holdings and Gruopo Aeuropuertos Avance submitted their proposals for a public-private partnership to run the Luis Muñoz Marín International Airport this week.

Illinois-based Hospital Sisters Services, Inc. is gearing up to sell more than $400 million of new-money and refunding bonds this fall as it undertakes various upgrades to existing facilities and opens a replacement critical access hospital.

Florida's most populous county, Miami-Dade County, plans to head to the bond market next week in search of investors for the county's transit bonds.

Denver's Regional Transportation District will decide by the end of the month whether to proceed with a $350 million light rail line through the suburb of Aurora after winning positive comments at a public hearing this week.

Big bond commitments will be a major piece of the funding puzzle when it comes to constructing a national high-speed rail system, U.S. Transportation Secretary Ray LaHood affirmed Wednesday.

A Federal appeals court refused a rehearing on its decision to reject federal permits for North Carolina's Monroe Connector toll road.

The Santa Rosa Bay Bridge Authority, Fla. missed its third bond payment on July 1 because toll revenues were insufficient to pay debt service, according to a market notice filed by Bank of New York Mellon.

A retired state judge has filed a lawsuit challenging the constitutionality of a new Illinois law that overhauls the state's retiree healthcare program and shifting more of the funding burden for premiums to beneficiaries.