Bonds


Funds to Fix Connecticut's Roads, Bridges Drying Up, No Solutions in Sight

While the coronavirus dominated summer headlines, Connecticut's five-year effort to accelerate the transportation rebuilding program slowed to a stroll on July 1. A risky initiative to force tolls — by borrowing and spending billions of extra dollars on new projects between 2016 and 2020 — concluded on that date, without those fees or any other plan to pay for all of it....


N.J. Libraries to Get State Funds to Replace Aging Infrastructure

New Jersey Gov. Phil Murphy delivered a list of proposed projects for the first round of funding from the Library Construction Bond Act (LCBA) to the Legislature on Nov. 5. The LCBA authorized $125 million in state bonds to fund critical improvements to public libraries in New Jersey....


Voters Approve Record 94 Percent of Transportation Investment Initiatives Totaling $14 Billion

Voters in 18 states have approved a record 94 percent of state and local ballot initiatives to date, providing an additional $14 billion in one-time and recurring revenue for transportation improvements throughout the country, according to an analysis by the American Road & Transportation Builders Association (ARTBA)....


North Carolina Approves $700M in Bonds for Road Construction

North Carolina state officials approved the issuing of $700 million in bonds Oct. 6 to support road construction and repairs. The 10-member Council of State unanimously passed a resolution that initiates the Build NC bonds sale, part of a $3 billion transportation package approved by the General Assembly in 2018....


Bonds Raise $600M for High-Speed Rail

SACRAMENTO, Calif. (AP) California sold $600 million in bonds on March 27 to help pay for its high-speed rail project even as lawmakers and Gov. Gavin Newsom acknowledge challenges to completing the line between Los Angeles and San Francisco....


N.H.'s Turnpike System Receives Improved Grade

New Hampshire Department of Transportation rating for long-term revenue bonds has been upgraded to AA- from A+ from a key ratings agency that will allow for more favorable borrowing rates and measurable savings....