Michelle Kaske

NEW YORK - New York Gov. Andrew Cuomo and legislative leaders on Sunday announced a fiscal 2012 budget agreement that does not include new taxes.

A flurry of New York issuance helped to boost supply last week in the municipal bond market as buyers grabbed $1.87 billion of debt from the Empire State.

Standard & Poor’s last week revised its outlook on the University of Rochester to positive from stable as revenue growth and limited spending have improved the school’s operating performance.

The Nassau County Interim Finance Authority Thursday approved a wage freeze for Nassau County employees and said the Long Island county’s revised budget fails to address shortfalls.

New Jersey is seeking a financial adviser to assist the state on an upcoming New Jersey Sports and Exposition Authority bond restructuring deal that will help reduce debt service costs in fiscal 2012.

Gov. Chris Christie proposes allocating $140 million of funds in fiscal 2012 to support $1.18 billion of New Jersey Transportation Trust Fund Authority borrowing.

Puerto Rico officials expect the island’s economy will again contract in fiscal 2011, a reversal from earlier projections that gross domestic product would increase this year at a modest rate of 0.4%.

NEW YORK - Nassau County, N.Y., Executive Edward Mangano Tuesday evening released a revised fiscal 2011 budget that includes more than 200 layoffs, spending cuts, and $8 million of debt restructuring.

A former governor, a municipal finance analyst, and a state treasurer Tuesday weighed in on the budget challenges and headline risk that states and cities currently face.

José Otero-Freiria was only into his second week as the new debt-financing chief at the ­Government Development Bank for Puerto Rico when the commonwealth headed to the market with a general obligation refinancing deal.

Don’t count on the state for help.That’s the message Mark Page, director of New York City’s office of management and budget, expressed Monday before the City Council’s Finance Committee.

New York State will sell $830 million of new-money and refunding general obligation bonds via competitive bid on Tuesday to help finance transportation and environmental infrastructure needs and generate debt service savings.

Roger Nutt, former head of the New Jersey Turnpike Authority and other state transportation entities, will begin Monday as the chief executive officer of the Pennsylvania Turnpike Commission.

A judge last week rejected Harrisburg’s request to dismiss or postpone two lawsuits filed by bond trustees of the city’s $282 million of incinerator debt and by Assured Guaranty Municipal Corp., the insurer of the bonds.

New York City received expressions of interest from 18 different academic institutions looking to construct and operate a new applied science and engineering research campus in the city.

A decrease in traffic on the Atlantic City Expressway prompted Moody’s Investors Service last week to downgrade nearly $500 million of South Jersey Transportation Authority revenue bonds to Baa1 from A3. The outlook is stable.

Nassau County, N.Y., Executive Edward Mangano Wednesday announced $121.2 million of budget cuts and “hundreds” of layoffs to help balance the $2.6 billion budget for fiscal 2011.

The New York Senate passed its ­fiscal 2012 budget and the Assembly was set to pass its spending plan as lawmakers continue to disagree on whether to ­extend a tax increase for millionaires.

The Nassau County Interim Finance Authority will remain in control of Nassau County, N.Y.’s finances, as a judge Monday rejected the county’s request for a temporary injunction to stop NIFA’s supervision.

New York City Mayor Michael Bloomberg and fellow officials Monday touted a $3.3 billion maritime initiative to revive the city’s 520 miles of shoreline to help boost economic development and address environmental needs.