Transportation industry

Just how far Connecticut Gov. Dannel Malloy can advance his transportation agenda is uncertain, given the state's budget strains, high debt, and pension liability woes.

The gasoline tax and other dedicated taxes and fees provide about 70% of the funding in the new five-year, $305 billion FAST Act, but that level of support will drop to about 50% when the measure expires in October 2020, said Peter Nonis, senior manager for federal relations at the American Society of Civil Engineers.

The search for a robust revenue source to supplement or even replace the federal gasoline tax will pick up speed in 2016.

The new five-year federal transportation funding law has opportunities as well as some limits for P3 project financing.

Colorado business leaders are gathering support for a $3.5 billion highway bond program as the Colorado General Assembly prepares for its 2016 session.

Oregon Gov. Kate Brown will seek public input in a series of meetings beginning next month on the preliminary findings of a policy group exploring the state's transportation needs.

States will face funding challenges in 2016 as lawmakers look for ways to raise revenues for local highway projects during an election year.

Smooth sailing is seen for toll road credits in 2016, as positive performance trends are expected to continue in the new year, Fitch says.

The Illinois State Toll Highway Authority board signed off on a 2016 Budget that counts on $1.3 billion in revenues for maintenance, operations, debt service, and capital costs.

An agreement to return control of the LA/Ontario International Airport from Los Angeles to an Ontario-based local authority is a positive for the Los Angeles airport but negative to the Ontario airport's credit, Moody's Investors Service said.

The Minneapolis-St. Paul Metropolitan Airports Commission won an upgrade of its subordinate bond credit after a new review.

Texas Department of Transportation chief financial officer James Bass will move to executive director, a job he previously held on an interim basis.

After a multi-year battle, with Los Angeles, the Ontario, Calif. airport reverts to local control once the Ontario International Airport Authority receive approval from the Federal Aviation

All Aboard Florida says it remains on track to offer private passenger train service in 2017 even though it was unable to issue $1.75 billion of private activity bonds amid turmoil in the high-yield market.

New York MTA approves its $15 billion operating budget in a warmup act for another capital program battle with Albany.

North Carolina Gov. Pat McCrory wants local leaders to vote again in support of controversial P3 express lane project.

Illinois’ release of motor fuel tax, gambling, and emergency surcharge revenues to local governments is a positive credit move for municipalities, says Moody’s Investors Service.

Supporters of an initiative that would shift $8 billion in bond money from California’s high speed rail to water projects say their aim is to reprioritize how the state’s bond money is spent.

New York MTA officials is looking to go green, and they don’t mean the map colors of the Lexington Avenue subway line.

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