Transportation industry

California Gov. Gavin Newsom signed legislation that will place a regional sales tax measure on the November 2026 ballot to aid struggling transit agencies.

Washington revenues through 2029 are expected to be $900 million below the 2025-27 budget estimates.

Massachusetts is set to price its annual transportation deal in early October, even as it plans for a decade of heavy transportation borrowing. 

If Gov. Gavin Newsom signs the two bills, it would be credit positive for San Francisco area transit, Moody's Ratings analysts said.

The Pennsylvania government is still kicking the can down the road on public transit funding. This time, it's using capital funds to plug operating gaps. 

Lawmakers passed California Gov. Gavin Newsom's expansive energy package, including a bill to extend the state's cap-and-invest program.

The authority's borrowing apparatus is maintaining a business-as-usual approach it embarks on a massive new capital program and fends off federal cuts.

California's governor and legislative leaders agreed to extend the state's cap-and-trade program and dedicate one-fourth of the funding to high-speed rail.

California lawmakers, who announced a deal with Gov. Gavin Newsom in June, say his administration failed to agree on loan terms ahead this week's deadline.

A injunction blocked the service cuts that would have balanced SEPTA's budget. 

Philadelphia's economy has been growing. But deep cuts Pennsylvania may impose on the regional public transportion system could have serious negative impacts.

The GOP reconciliation bill will cut $888 million in revenue from Oregon, state economists said, because its state tax laws conform with federal law changes.

The Southeast Pennsylvania Transportation Authority implemented drastic cuts and warned that more cuts and fare hikes are on the way without state funding.

The state authority building the passenger rail project says it has a clear path to "achieving commercial success at the earliest stage."

San Francisco Bay Area Rapid Transit has struggled to regain ridership after the pandemic.

The resignation of the troubled mass transit system's CEO gives MARTA an opportunity to improve operations and to select projects to focus on.

With Chicago-area transit's fiscal cliff looming, the area's transit agencies are searching for revenue fixes and prepping for two key milestones this fall.

The rating agency cited the MTA's congestion pricing program, ridership recovery, healthy liquidity levels, and continued state support for the higher rating.

The Virginia Port Authority will sell bonds to finance upfront rent payments for the privately owned Virginia International Gateway.

The rating agency cited stong debt service coverage and modest leverage.