Economy

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.

A coalition of House Democrats is calling for Build America Bonds, a national infrastructure bank, and high-speed rail as part of a plan to improve transportation and stimulate job growth.

WASHINGTON — The Maryland Transportation Authority is proposing its first statewide toll increases to generate more revenue to back bonds that were issued for two major highway projects and for rehabilitating aging infrastructure.

Massachusetts’ largest public transportation agency Tuesday will leverage future parking revenues through a newly formed nonprofit entity to pay down outstanding debt and provide near-term budget relief.

CHICAGO — With the budget behind him, Michigan Gov. Rick Snyder said his top priority is swift passage of a bill that allows the state to enter into a public-private partnership to build a $4 billion Detroit River bridge that will be partially financed with tax-exempt bonds.

DALLAS — The proposed $1.2 billion University Medical Center hospital in New Orleans will require an annual subsidy from Louisiana of $100 million, according to a new financial analysis of the 424-bed facility.

WASHINGTON — State revenues are expected to rise in fiscal years 2011 and 2012, but a record jump in Medicaid costs, combined with voters’ reluctance to take on new debt, could keep states from issuing bonds for infrastructure and other investment projects, officials and market participants said Thursday.

WASHINGTON — U.S. Transportation Secretary Ray LaHood has scheduled a second meeting with local officials in Virginia for Friday as he tries to break an impasse over the cost of the second phase of the Washington, D.C., Metrorail extension to Dulles International Airport.

DALLAS — A temporary one-cent sales tax increase approved by Arizona voters in May 2010 has produced $100 million less than originally projected and failed to prevent $454 million in cuts to education and a $564 million rollback in health care spending, according to state reports.

WASHINGTON — State and local transportation decision-making fits no pattern and varies widely cross the country as governments try to cope with needs that overwhelm their available financing, according to a first-of-a-kind report released Wednesday.