Transportation industry

Transit projects in 13 states in line for $3.2 billion of federal grants in President Obama's proposed budget for fiscal 2016.

Wisconsin Gov. Scott Walker unveiled a $68.2 billion two-year budget proposal that favors borrowing over a higher gas tax to fund transportation projects, includes debt service for a new Milwaukee Bucks arena, and cuts University of Wisconsin aid.

Senate public works panel will continue development of multiyear transportation bill without proposed tax on corporate overseas profits.

Austin's airport hotel is seeking new terms from creditors on $40 million of bonds that were restructured a decade ago. The bonds are again in default after revenues fell short of debt service requirements.

President Obama's fiscal 2016 budget, unveiled Monday, includes several new bond proposals and a number of bond-related proposals that have been in past budgets.

The Chicago Transit Authority struck a $32.5 million deal with four telecommunications companies to finance the upgrade of wireless phone service in the authority’s subway system to a 4G network.

The Chicago Transit Authority received AA-minus and A-plus ratings on its planned $120 million TIFIA loan for the renovation of a major rail transit line.

Moody's Investors Service downgraded Texas school bus operator Dallas County School District's $67 million of general obligation debt to Baa1 from A3 and retained a negative outlook.

New study recommends adding a separate account within the Highway Trust Fund for multimodal transportation infrastructure projects.

The Georgia General Assembly plans to debate a bill that would provide more than $1 billion in new transportation funding in this year's session.

Two senators have proposed a corporate tax repatriation plan to pump billions of dollars of new revenue into the Highway Trust Fund.

Legislation raising Iowa's gasoline tax by as much as 10 cents to bolster state transportation spending is being prepared with several key lawmakers saying the bill stands a good chance due to mounting bipartisan support for action.

The governors of Kentucky and Ohio plan to lower the $2.6 billion construction cost of the Brent Spence Bridge project in order to move the long-planned, bi-state venture forward.

Board approval of fare and toll increases for New York City subways, buses, bridges and tunnels is a credit positive for the Metropolitan Transportation Authority, said Moody's Investors Service.

Los Angeles International Airport will point to increasing passenger counts and progress on its expansion plan when it sells about $500 million of bonds.

The trustee for the Santa Rosa Bay Bridge Authority's defaulted bonds wants a toll increase for the Garcon Point Bridge but north Florida residents are opposing the plan.

President Obama plans to propose a revised version of last year's $302 billion, 4-year transportation bill.

A private corporation that sought to build a toll road east of Dallas would lose its power to condemn land through eminent domain under a bill introduced by State Rep. Cindy Burkett.

One day after unveiling a 10-year, $11 billion transportation plan, Minnesota Gov. Mark Dayton laid out the second major piece of his legislative agenda Tuesday in announcing a $42 billion two-year budget that taps the state's $1 billion surplus to raise education spending.

Squeezing institutional and retail pricing into one day because of an approaching blizzard, the Utah Transit Authority captured record savings on the largest deal in its history.