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California cut or delayed $1.5 billion of projects from a five-year road program as gas tax collections continue to fall.
May 20
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Four port authorities and a wholesale electricity provider are warning that rules proposed by the Treasury Department and Internal Revenue Service earlier this year could hurt their standing as political subdivisions and their ability to issue bonds as well as complicate their governing structures.
May 20 -
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In the week ended May 19, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell two basis points to 3.88% from 3.90% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
May 19 -
Standard & Poor's and Fitch Ratings both downgraded Connecticut's general obligation bonds to AA-minus from AA in advance of the state's $511 million sale.
May 19
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U.S. transit operators say reliable, dedicated funding is needed to resolve growing maintenance problems.
May 19
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California is beginning to address some key infrastructure gaps, Wells Fargo analysts said in a report.
May 19
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An unusually weak economic recovery is putting the credit ratings of an increasing number of states in jeopardy.
May 19
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Fitch Ratings said its withdrawal of its ratings on U.S. tobacco asset-securitization bonds, which affects over 40 tobacco issues from New York to California and Michigan to the U.S. Virgin Island, was prompted by uncertainty regarding changes in the terms it views as risks in the Master Settlement Agreement.
May 19
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House appropriations panel adopts a fiscal 2017 transportation budget that incorporates FAST Act funding.
May 18
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Municipal bond market participants may agree that bank loan disclosure falls short but there's little consensus about how to improve it amid heightened regulatory scrutiny.
May 18
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The New York Metropolitan Transportation Authoritys operation of its federally mandated Access-A-Ride program has been marked by waste, mismanagement and widespread service failures, according to an audit released on Tuesday by Comptroller Scott M. Stringer.
May 18
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Both 10-year transportation funding plans proposed by Minnesota Gov. Mark Dayton include $2 billion of road bonds.
May 17
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