Public finance

GEORGIA

Chicago expects the veto-proof passage in early April of an identical bill to the one vetoed Friday that saves its municipal and laborers' pension funds from insolvency, the city's finance chief told investors Monday.

Bill raising Tennessee gas tax paves way for Nashville vote on sales tax for transit.

INDIANA

ARIZONA

St. Louis is seeking federal approval to explore a privatization of St. Louis Lambert International Airport as a means to generate private investment in the air field and funds for city use.

Airport executives tell Senate panel that raising the passenger facility charge would help fund needed improvements.

ARIZONA

CALIFORNIA

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell seven basis points to 4.27% in the latest week from 4.34% in the previous week.

President Trump’s proposed Fiscal Year 2018 budget would cause a major setback to plans for a long-stalled Gateway rail project connecting New Jersey and Manhattan, lawmakers and transportation advocates warned.

Bonds supported by higher gas tax could spark $500 billion increase in federal transportation funding.

The 12-month investment gains of Rhode Island's pension fund topped $1 billion, state General Treasurer Seth Magaziner announced.

CALIFORNIA

ALABAMA

Heightened concern about a potential Westinghouse bankruptcy filing resulted in negative outlooks on municipal bonds issued for new nuclear units the company is building in Georgia and South Carolina.

Congressional trio seeks revenue for infrastructure funding from tax reform as Moody’s warns of slow spending increase.

Moody’s Investors Service retained a negative outlook on Catholic Health Initiatives $5.7 billion of rated debt after lowering the healthcare giant to Baa1 from A3. The downgrade comes less than a month after a similar move by S&P Global Ratings.

JP Morgan’s 7th annual public finance transportation and utility conference in New York featured presentations from Dallas/Fort Worth International Airport and the Metropolitan Washington Airports Authority, which are taking differing approaches to financing their needs.

CALIFORNIA