Public finance

ARKANSAS

COLORADO

A House Democrat from Connecticut wants to use federal funds to construct a proposed $10 billion system of interstate highway tunnels in Hartford, Conn., that the state highway department deemed too expensive.

ILLINOIS

NEBRASKA

Virginia has the environmental clearance to go ahead with a highway project originally earmarked for P3 funding.

In the latest installment of Muni Minute – The Bond Buyer's 60-second video series that examines a top municipal market story that will have an impact in the coming week – we look at the National Association of Municipal Advisors annual conference in New Orleans, where where its members will hear from industry participants on topics such as bank loans, credit rating agencies, disclosure, and public private partnerships as well as current and ongoing regulatory initiatives like Municipal Securities Rulemaking Board rules and findings from two years of examinations of muni advisors.

ILLINOIS

ALABAMA

Charleston County, S.C., officials cite low state road funding in asking voters for sales tax increase.

ARKANSAS

ALASKA

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell two basis points to 3.81% from 3.83% in the previous week.

The House passed its Water Resources Development Act, which would authorize $170 million to help address Flint, Mich.’s drinking water crisis.

The UCLA Anderson Forecast economists discussed what impact policies proposed by the presidential candidates would have on economic growth.

The Internal Revenue Service has informally advised the Baker Correctional Development Corp. in Florida that $45 million of first mortgage revenue bonds it issued in 2008 are taxable.

Sweet Briar College saw its revenue bonds upgraded four notches, although still within junk territory, because of efforts to keep the 114-year-old Virginia women's institution open.

DALLAS – The Texas A&M Transportation Institute will look into the feasibility of an eight-mile aerial tramway system in Austin known as the Wire that would move passengers high above the city’s often gridlocked roadways.

The DC Water and Sewer Authority closed on a historic deal Thursday, issuing the nation's first Environmental Impact Bond to fund the initial green infrastructure project in its DC Clean Rivers Project.

ARIZONA