Public finance

Virginia’s transportation taxes are $1 billion less than expected due primarily to low revenues from its gasoline sales tax.

Global equity investors and sponsors continue to demonstrate strong interest in investing in U.S. infrastructure, notwithstanding the relatively anemic pipeline.

NEW JERSEY

ALABAMA

Tax regulators are open to the idea of writing special issue price rules that would treat bonds sold in competitive deals differently than those sold in negotiated deals, Treasury Department associate tax counsel John Cross told issuers meeting here on Friday.

In the week ended Dec. 10, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.26% from 4.27% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Georgia expects to save $421 million reconstructing a critical intersection in Atlanta by entering into a public-private partnership with North Perimeter Contractors.

INDIANA

ALABAMA

Municipal bond funds reported inflows for the 10th straight week, according to Lipper data released on Thursday.

Four potential private partners have submitted financial proposals for Maryland’s $2.16 billion Purple Line light-rail project.

A provision in the new transportation funding law that lifts the ban on using tax-exempt bonds in conjunction with federal loans will result in lower borrowing costs for water utilities, Fitch Ratings said on Thursday.

ARIZONA

ARKANSAS

Virginia Transportation Secretary Aubrey Layne opts for P3 financing of a $2.1 billion system of tolled express lanes.

ARKANSAS

ARIZONA

The Port of Seattle Commission has approved a $408.4 million budget for 2016 that includes extensive infrastructure investments as part of a more than $2 billion capital improvement plan.

Credit agencies say the new $305 billion FAST Act funding law is credit positive for state road and transit debt secured by federal transportation grants.

COLORADO