Economy

Kentucky plans to competitively sell $145.8 million of lease-revenue bonds Tuesday to complete work on a new state mental hospital. The deal precedes an estimated $362.3 million offering of lease-appropriation obligations.

The New York State Thruway Authority on Tuesday will sell $440 million of tax-exempt debt in a negotiated transaction to reimburse the state for expenses related to its multi-year highway and bridge capital program.

Connecticut is set to form a new bonding authority that will oversee six state airports, including the Bradley International Airport.

DALLAS - A proposal to scrap plans for a $1.2 billion state hospital in New Orleans in favor of a smaller, less-expensive project was outlined Thursday at a joint news conference by U.S. Sen. David Vitter, Louisiana Treasurer John Kennedy, and House Speaker Jim Tucker.

A bill that would reduce the powers of the New Hampshire Rail Transit Authority and strip it of its ability to issue bonds is headed to Gov. John Lynch.

The Massachusetts Port Authority has named chief legal counsel David Mackey as interim chief executive officer and executive director while it conducts a national search to replace Thomas Kinton, who retired June 1.

CHICAGO - Moody's Investors Service Thursday lowered its rating on Ohio-based Mercy Medical Center to its lowest investment-grade level — and revised its outlook to negative — warning that the facility is suffering from a sharp decline in its fiscal position.

DALLAS — The plan to balance Oklahoma's $6.5 billion budget with a diversion of highway tax revenues has been challenged as unconstitutional by an Oklahoma City attorney.

CHICAGO — Facing a funding crisis, the Missouri Highways and Transportation Commission has adopted a five-year budget plan that eliminates more than 1,000 positions and shutters facilities to save $500 million for project funding as the agency recedes from the ranks of frequent issuers.

The Nevada Assembly approved a bill Tuesday to support a public-private partnership to build a bypass toll road around Boulder City.

Sierra Kings Health Care District voters Tuesday overwhelmingly approved a proposed sale of the bankrupt hospital to Adventist Health.

Moody’s Investors Service has downgraded the San Joaquin Hills Transportation Corridor Agency’s rating to B1 from Ba2 after the agency completed a restructuring of its debt.

Lawmakers in the California Senate have approved a bill that will allow counties to raise and collect vehicle license fees.

Standard & Poor’s has raised its rating to BBB-minus from BB on revenue bonds issued for Princeton Community Hospital.

The proposed $1.2 billion University Medical Center in New Orleans may be built with the proceeds from bonds supported solely by hospital revenue if federal mortgage insurance is denied for the debt.

DALLAS — A bill that would authorize $9 billion of highway construction in North Texas through public-private partnerships is expected to get Gov. Rick Perry’s signature by the June 19 deadline.

The Massachusetts Port Authority on Wednesday will sell $215 million of special facilities revenue debt, including $156 million of taxable bonds, in a two-tranche offering to help finance the construction of a consolidated rental car facility at Boston’s Logan International Airport.

Connecticut may implement tolls and possibly leverage that revenue stream to help finance a potential $1 billion Route 11 extension project in the southeastern portion of the state.

Moody’s Investors Service last week affirmed Allina Health Systems’ A1 rating and signaled an upgrade could be in the offing if it maintains its strong financial performance of the last two years.

Illinois Gov. Pat Quinn last week announced a state partnership with the University of Illinois and a special advisory group to study the feasibility of high-speed rail service between Chicago and Champaign-Urbana and possibly to other parts of the state and neighboring cities.