Public finance

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

ALABAMA

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased four basis points to 4.31% from 4.27% for the week ended March 5.

Detroit emerged from the largest municipal bankruptcy in the U.S. with stronger credit fundamentals but the city heads into the future facing major economic challenges, Moody's says in a new report.

A higher federal gasoline tax offset by an income tax rebate could unsnarl the revenue gridlock in Congress blocking a multiyear highway bill, ARTBA says.

Dorothy Thomas at Regions Investment Management is keeping duration short, with low exposure to the long end of the curve, a focus on high-quality securities, and building cash flow.

Given the magnitude and condition of U.S. infrastructure and the Federal push to "level the playing field" by expanding the availability of tax-exempt finance for public-private partnership procurements, the U.S. is poised to become a very active and substantial P3 market.

ALABAMA

IOWA

Road builders association says it has a plan to untangle the congressional gridlock on federal transportation funding.

ALASKA