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The Port of Seattle Commission has approved a $408.4 million budget for 2016 that includes extensive infrastructure investments as part of a more than $2 billion capital improvement plan.
December 8
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Credit agencies say the new $305 billion FAST Act funding law is credit positive for state road and transit debt secured by federal transportation grants.
December 8
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The five-year federal transportation funding act and state initiatives will boost infrastructure construction next year, ARTBA said.
December 7
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President Obama signed a five-year, $305 billion transportation funding bill on Friday.
December 6
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Moodys Investors Service gave stable outlooks to the state and local government sectors for 2016.
December 4 -
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell three basis points to 4.27% in the week ended Dec. 3 from 4.30% in the prior week.
December 4 -
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The House passed a multiyear transportation funding bill on Thursday that provides $305 billion over five years.
December 3
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The National Association of Bond Lawyers is urging tax regulators to liberalize existing safe harbors for longer term management and service contracts and to consider rule changes to facilitate the use of tax-exempt bonds in public-private partnerships financing infrastructure projects.
December 3
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Moodys Investors Service revised the outlook on its Baa3 rating of Roosevelt University in Chicago to negative as it struggles with enrollment loses.
December 3 -
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Municipal investors said Puerto Ricos $355 million Government Development Bank note payment and claw-back debt management plan did little to resolve the islands debt crisis.
December 2
