Investments

California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.

Illinois’ cash-starved higher education institutions will soon get some relief after state lawmakers passed a $600 million funding bill to get them through the summer despite the lack of a state budget.

Missouri Senate passes a bill setting up a statewide gasoline tax referendum in November.

Invesco’s Mark Paris is sticking with a strategy of maintaining diversity, liquidity, and credit selectivity in the essential service revenue, lower investment-grade, and nonrated sectors.

ALABAMA

ARKANSAS

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was unchanged from 3.94% in the previous week.

The fiscal 2017 federal transportation budget approved by Senate Appropriations Committee incorporates FAST Act funding.

A bill introduced by Senate Democrats would increase funding for state revolving funds, permanently reauthorize a program to provide low-cost loans for water projects, and remove the cap on private-activity bonds for water and wastewater projects.

ARIZONA

ARKANSAS

U.S. airports, ports, and toll roads should experience healthy growth in 2016 thanks to a recovering economy and low fuel prices.

While the key oil production states of Oklahoma, North Dakota and California have all been hit hard by the drop in crude oil prices, the impact varies at both the state and local government level, Moody’s Investors Service says.

COLORADO

New transportation program dedicates portion of revenue from Nebraska’s gasoline tax to state road infrastructure bank.

Interactive Data’s continuous evaluated fixed-income pricing and liquidity Indicators service are now available to FactSet clients, the firms said Tuesday.

ILLINOIS

ARIZONA

Fitch released revised criteria about how it rates tax-supported state and local government credits.

Maryland is seeking a federal FASTLANE grant to expand a subsea rail tunnel that moves freight at the Port of Maryland.