Public finance

The Federal Transit Administration will award $22.5 million of clean technology grants to seven transit agencies.

ALABAMA

ARKANSAS

After having been withdrawn from the energy bill in the Senate, controversial legislation to provide federal funds to Flint, Mich., and any other community facing a water crisis, has been included in a major water bill introduced in the chamber this week.

State budget conditions vary widely as of late fiscal 2016, with the overall picture getting better while states with less diversified economies face significant stress, Standard & Poor's said Wednesday.

Federal grants would be available to repair or replace dangerous dams under bipartisan Senate proposal.

West Palm Beach, Fla.’s plan to borrow $60 million in taxable bonds to boost its already 83% funded police pension plan received divergent views from market experts.

ARIZONA

ALABAMA

The Baltimore Board of Finance has approved $535 million of TIF bonds for a $5.5 billion waterfront development project.

GEORGIA

COLORADO

Congested urban highways in the U.S. add unnecessary costs to truckers as drivers spend long hours in traffic bottlenecks.

INDIANA

ALABAMA

Florida bond director Ben Watkins does not believe public-private partnerships that include private financing benefit the public sector, but P3 proponents disagree.

California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.

Missouri Senate passes a bill setting up a statewide gasoline tax referendum in November.

Invesco’s Mark Paris is sticking with a strategy of maintaining diversity, liquidity, and credit selectivity in the essential service revenue, lower investment-grade, and nonrated sectors.

ALABAMA