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S&P Raises Erie County, N.Y., Three Notches to AA-Minus
Standard & Poor's raised Erie County, N.Y.'s general obligation rating to AA-minus from A-minus on strong budgetary performance.
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Former Metro-North Railroad president Howard Permut is joining Regional Plan Association as a senior fellow.  more »
Port Authority of New York and New Jersey staff are proposing that it spend $320 million for the redevelopment of the Greenville Yard Marine Terminal in Jersey City.  more »
Moments after Janney Capital Markets cited "cracks" in the foundation of state credit quality nationwide, Pennsylvania said it would have to loan money to itself to keep running.  more »
New York City's three library systems have at least $1.1 billion in capital needs with 59 branches requiring $5 million or more in maintenance, said a report.  more »
Pennsylvania's House Urban Affairs Committee approved a bill that would enable capital city Harrisburg to develop vacant, desolate, underused or abandoned space.  more »
Massachusetts begins a three-day retail order period for $350 million of general obligation environmental green bonds in a week in which it also has a $330 million GO refunding on the calendar.  more »
Puerto Rico plans to sell a $900 million tax and revenue anticipation note within the next 30 days.  more »
Puerto Rico's August revenues were 5.8% less than projections.  more »
Despite a significant restructuring of operations and finances in the wake of its poor performance after Hurricane Sandy, the Long Island Power Authority's debt load is rising.  more »
The Queens Library board agreed to cooperate with New York City Comptroller Scott Stringer's audit and placed embattled CEO Thomas Galante on leave.  more »
The New York State Environmental Facilities Corp. approved $370 million in loans for wastewater improvements in New York City.  more »
Local government spending in New York State on roads, bridges, and water and sewer systems declined by approximately 8% to 2012 from 2010.  more »
In Rhode Island, state Treasurer Gina Raimondo and Cranston Mayor Allan Fung will face off for governor after winning primaries on a day that also featured primaries in Massachusetts and New York.  more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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