Toll revenue bonds

After years of delays, the Metropolitan Transportation Authority on Sunday launched the new toll on traffic entering southern Manhattan.

Prolific debt issuance by Texas school districts, state issuers, and others drove muni volume to a state record in 2024, easily surpassing 2023's $59 billion.

The Metropolitan Transportation Authority's finance committee approved $9 billion of bonds, some backed by new revenue sources.

The action was taken ahead of a bond sale for a controversial 15-year expansion program that is currently estimated to cost $8.2 billion up from $5 billion.

A hearing for four separate federal lawsuits seeking to block the congestion pricing plan is set for Dec. 20.

The turnpike plans to sell $1 billion of revenue bonds in 2025's first quarter to continue funding for an expansion project now estimated to cost $8.2 billion.

Local governments that were in Hurricane Milton's path, however, will face significant credit challenges, Moody's said.

The results of two investigations into overcharging on San Diego's SR 125 toll road revealed management knew about the issues long before they came to light.

North Carolina is the latest state to eye using a P3 to build tolled express lanes amid insufficient state funding.

The Dallas-Fort Worth region toll highway owner and operator aims to rake in savings from the deal as it expects to cash fund a $2 billion capital plan.