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WASHINGTON - The Senate yesterday voted 61 to 37 to approve its $838 billion economic stimulus legislation, setting the stage for House and Senate conferees to begin to resolve the differences between their two bills, including six differing bond-related provisions.
February 11
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Expecting to receive about $220 million in federal stimulus funds for infrastructure, the Utah Department of Transportation last week listed 44 projects that should be ready to start within three months.
February 10 -
WASHINGTON - The Senate late yesterday voted 61 to 36 to approve a procedural motion to limit debate on a $829 billion compromise economic stimulus bill that would revise two key muni bond provisions.
February 10 -
Colorado lawmakers are splitting along party lines on support for a road-building initiative called Funding Advancement for Surface Development and Economic Recovery — also known as “Faster.”
February 10 -
NEW YORK - Rumors continue to circulate in Massachusetts regarding a potential gas-tax increase while the Massachusetts Turnpike Authority heads toward a possible toll hike vote to help it meet its financing needs.
February 10 -
A real estate deal that the Metropolitan Transportation Authority expected to bring in $700 million for capital spending is on hold, the New York agency announced last week.
February 9 -
Massachusetts Senate leaders yesterday moved forward with their plan to combine the state's surface transportation operations, including roads, bridges, and mass transit systems, under one entity called the Massachusetts Surface Transportation Authority, or MassTrans.
February 6
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DALLAS - Louisiana will have to tap into its transportation trust fund for the next 35 years to support debt service on bonds financing the state's $5.2 billion, 20-year-old highway improvement program.
February 6 -
CHICAGO - Ohio would launch a new bond program backed by toll revenues under a proposal proposed by Gov. Ted Strickland.
February 6 -
SAN FRANCISCO - Falling traffic and revenue prompted Fitch Ratings this week to cut its outlook on Foothill/Eastern Transportation Corridor Agency toll revenue bonds to negative from stable, while affirming the underlying BBB rating for $2.2 billion of debt backed by the 36-mile toll road network in Orange County, Calif.
February 5 -
The Port Authority of New York and New Jersey is considering using public-private partnerships to replace bridges that connect Staten Island to New Jersey, executive director Christopher Ward said yesterday.
February 4 -
CHICAGO - The Illinois State Toll Highway Authority board approved a list of six financial advisory firms to work with on its debt issues and other financing initiatives as the agency moves to wrap up borrowing for its five-year-old, $6.2 billion capital program and launch its new $1.8 billion follow-up.
February 4 -
A regional transit plan for the Detroit area could begin to take shape by April with the creation of regional transportation authority that would build and operate the system.
February 4 -
CHICAGO - The battle over dueling proposals to build bridges between Detroit and Windsor, Canada, is heating up following the U.S. Department of Transportation's recent approval of nearly $800 million in private-activity, tax-exempt bonding to help finance a replacement for a developer's existing private bridge.
February 4 -
The Massachusetts Turnpike Authority may file suit against companies involved in five floating-to-fixed-rate swaps with UBS Securities LLC that, if terminated, would cost the agency roughly $435 million.
February 3 - Texas
A 56-mile tollway around the eastern and southern Austin metro area is expected to be open in April, although some of the highway will still be under construction. Officials had expected Texas 45 Southeast to begin operating in summer with all construction completed.
February 3 -
A coalition of Utah County legislators, mayors, and commissioners is urging Utah state lawmakers to approve issuing bonds to start work on $5 billion of improvements to Interstate 15.
February 3 -
The Phoenix City Council will consider this week a proposal from Phoenix Sky Harbor International Airport to cut $15.8 million in expenses and eliminate 47 jobs in fiscal 2010 due to a decline in flights and passengers using the facility.
February 3 -
New Jersey officials are looking for underwriting services for an upcoming grant anticipation revenue vehicle bond deal that will help finance road and bridge repairs estimated at $270 million.
February 3 -
As New York's 2009 legislative session kicks into high gear the state's largest issuers are looking for support for their annual wish lists.
February 2
