Investments

General revenue offsets totaling $70 billion in the five-year highway bill must cover a shortfall in gas tax collections.

CALIFORNIA

ARKANSAS

The transportation conference committee on Tuesday reported a five-year bill that provides $305 billion of federal funding.

The Illinois-based College of DuPage’s former treasurer Thomas Glaser and controller Lynn Sapyta filed a federal lawsuit Tuesday accusing their former employer of wrongful termination for their opposition to a board member’s political agenda.

The conference committee on the transportation bill revived a transit funding program aimed at congested urban areas.

A legal opinion defining San Diego Unified School District bonds as special revenues was credited with the district's $470 million pre-Thanksgiving general obligation bond sale being oversubscribed.

The Moraine Valley Community College in Illinois lost its top credit marks ahead of its upcoming $9.2 million general obligation refunding.

The University of Michigan heads into the market this week with $312 million of high-grade revenue paper to fund ongoing capital projects and refund debt.

NEBRASKA

MINNESOTA

Democratic presidential contender Hillary Clinton proposed $275 billion of new federal infrastructure funding at a campaign rally in Boston on Sunday.

In its last deal of the year, the University of Texas System will offer investors a choice of taxable or tax-exempt bonds in a $241 million pricing.

CALIFORNIA

Transportation Secretary Anthony Foxx said he expects Congress to agree on a multiyear highway bill by Christmas.

CALIFORNIA

CONNECTICUT

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell five basis points to 4.30% in the week ended Nov. 24 from 4.35% in the prior week.

Existing P3 arrangement will be expanded by Virginia to include tolls on high-occupancy interstate highway lanes near Washington, D.C.

KENTUCKY