Public finance

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was three basis points higher to 4.47% for the week ended Sept. 17 from 4.44% in the previous week.

State tax revenues increased 5.8% in the first quarter of 2015 from revenues in the first quarter of 2014, according to the Nelson A. Rockefeller Institute of Government.

Low balances in the Highway Trust Fund could result in delayed reimbursements to states for transportation projects by Thanksgiving.

CALIFORNIA

CALIFORNIA

Sen. Bernie Sanders and Ohio Gov. John Kasich are rated as the most infrastructure-friendly candidates in the 2016 presidential field.

CONNECTICUT

ALABAMA

New Jersey Governor Chris Christie and New York Governor Andrew M. Cuomo delivered a letter to President Barack Obama Tuesday outlining a framework aimed at achieving funding for a new trans-Hudson commuter rail tunnel.

Connecticut received a $700,000 federal grant to study of transit-oriented development in the Hartford line corridor, which covers New Haven, Hartford and Springfield, Mass.

A proposed P3 procurement center at the Transportation Department would assist states in reaching effective agreements with private investors.

ILLINOIS

FLORIDA

The municipal market has priced in a possible rate increase this week, even though some analysts are now suggesting the Fed may wait longer before making its first move since 2008.

Portland, Ore., will need more than $2 billion over the next decade to bring its streets into good shape after years of neglect.

MASSACHUSETTS

ALABAMA

Recent demise of several proposed public-private partnership projects indicate that P3 activity may slow down, S&P said.

Municipal bond volume won’t make much of a comeback in the first full week after Labor Day as issuers await a decision on interest rates at the Sept. 16 and 17 Federal Open Market Committee meeting.

The Affordable Care Act is helping lift the non-profit health care sector out of its years-long torpor, according to Standard & Poor’s, which revised its outlook on the sector to stable from negative.