Public finance

CONNECTICUT

ALABAMA

Airport capital needs will total $75.7 billion through 2019 to keep pace with increases in passenger and cargo loads.

Michigan senators approved a bill giving investors in Detroit’s income tax-backed bonds both a statutory lien and an intercept aimed at snagging at least one investment-grade rating on the city’s first post-bankruptcy bond deal set for the spring.

ARIZONA

ARIZONA

State and local officials see chaos ahead for highway funding if Congress doesn't quickly pass a long-term transportation bill.

Fitch Ratings last year had more positive ratings than negative ones in United States public finance for the first time since 2008.

Senate Minority Leader Harry Reid and two fellow Democrats have introduced a bill that would provide $50 million in federal grants for each of fiscal years 2015-2019 to help states, local communities, and tribal governments upgrade their water and wastewater infrastructure systems.

ALABAMA

GEORGIA

The Arizona Department of Transportation can begin acquiring right-of-way for the 22-mile-long Loop 202 South Mountain Freeway after the Federal Highway Administration issued its record of decision approving the project.

A federal ruling against states may set a precedent for risky local spending on broadband, credit analysts said.

IOWA

ALABAMA

Municipal volume is expected to exceed $8 billion for a 10th straight week, led by a rare issue from Honolulu.

Tax revenue in the top oil producing states has fallen sharply, dropping by 40% in Texas, according to the U.S. Energy Information Administration.

Hitting Wayne County, Mich. with its third downgrade in four weeks, Fitch Ratings warned that $200 million of bonds issued for a new downtown Detroit jail could be particularly vulnerable to default.

The Highway Trust Fund will be insolvent this summer without new revenues to bolster gas tax collections, CBO says in new analysis.

IOWA