Public finance

Maryland and Federal Transit Administration officials want a federal judge to restore funding for the $5.6 billion Purple Line light rail public-private partnership project that was shut down by court order in early August.

ARKANSAS

ALABAMA

Significant cost overruns on an earlier light-rail program may affect November vote on Seattle’s $54 billion transit proposal.

Illinois’ largest retirement fund will review its assumed investment rate Friday amid a warning from Gov. Bruce Rauner’s administration that lowering it from 7.5% could have a “devastating” impact on funding for social services and education.

CALIFORNIA

CALIFORNIA

More infrastructure spending at all levels of government would be best fix for California's congested, deficient roads, TRIP says.

ILLINOIS

MISSOURI

Advocates say Colorado could unclog roads with an additional $1 billion each year for transit, sidewalks, and bike lanes.

The transportation and utilities sectors grew by $7.9 billion in the first half of 2016 from a year earlier.

Short-term note issuance could continue to increase as the market awaits the Federal Reserve Board's eventual move to higher rates.

KENTUCKY

ARIZONA

Cash-strapped Louisiana faces huge expenses as a result of the three days of torrential rains that flooded the southern part of the state, state budget chief Jay Dardenne told a legislative panel Thursday.

A California state appeals court ruling may open the window for governments to change the future benefits of existing employees.

State gasoline tax collections climb as more Americans hit the road, giving states additional borrowing capacity.

The federal Bureau of Prisons' phase out of private prisons has only a small effect on the municipal bond-financed private lockup sector, leaving bond-financed immigration detention centers untouched.

Disappointing public pension investment fund returns released recently by Maryland and Virginia may be representative of a more nationwide trend, pension experts warned.