Michelle Kaske

Governor-elect Chris Christie yesterday announced his nomination of Andrew Eristoff, a former finance commissioner for New York and New York City, to serve as New Jersey’s next treasury secretary.

Massachusetts Gov. Deval Patrick yesterday announced that the state anticipates receiving $19.05 billion of tax revenue in fiscal 2011, about $590 million more than officials estimate collecting in the current fiscal year.

TRENTON — New Jersey Gov. Jon Corzine yesterday delivered his last state of the state speech, highlighting his accomplishments during the past four years and acknowledging his failure to cut away at the state’s more than $33.87 billion of outstanding debt.

New Jersey lawmakers yesterday were set to vote on fiscal measures during the final day of the legislative session, including a bill that would increase mayoral powers in Camden, which has been under state control since 2002.

Pennsylvania Wednesday will take bids for $900 million of ­general obligation debt — ­including the largest competitive Build America Bond transaction thus far.

The Delaware River Joint Toll Bridge Commission is working on a new $310 million bridge to replace the current Interstate 95/Scudder Falls Bridge that connects New Jersey and Pennsylvania and is more than 50 years old.

New Jersey Gov. Jon Corzine last week announced he would hold off on filling board vacancies in key agencies and commissions in deference to incoming governor Chris Christie, who will take office on Jan. 19.

With a new table-games bill, Pennsylvania now has a balanced fiscal 2010 budget after more than six months of debate and legislative stalemate and just one month before Gov. Edward Rendell releases his fiscal 2011 budget proposal.

The New Jersey General Assembly yesterday approved a bill requiring the estimated costs of tax credits and exemptions to be included in annual budget proposals submitted by governors. The bill, A. 2139, passed 47 to 28, with one abstention.

Pennsylvania Gov. Edward Rendell yesterday said he is “very hopeful” he will receive a table-games bill by the end of the week, which would help balance the fiscal 2010 budget and avoid 1,000 state employee layoffs, but he warned that any future general revenue shortfalls may require reducing the state’s payroll this year.

New Jersey Gov.-elect Chris Christie will take office next month, and along with confronting high property taxes, a heavy debt burden, and the issue of encouraging shared services at the local level, the new administration will face a transportation funding spigot set to dry up by mid-2011.

Gov.-elect Chris Christie has pledged to take a critical eye at future borrowing in New Jersey but transition team officials said certain bonding might be needed to help finance infrastructure improvements.

Puerto Rico's fiscal 2010 revenue collections through October came in $33 million above budgeted revenues, due in part to better than expected business-tax receipts and a temporary property tax hike.

After staying out of a multi-state refinancing in March, the New Jersey Health Care Facilities Financing Authority will refund early next year up to $150 million of Catholic Health East debt after the health care provider and the authority reached agreement on collateral postings for derivatives.

New Jersey will take on $157.4 million of moral obligation debt this week as the South Jersey Port Corp. will issue the marine terminal revenue bonds with the expectation that state allocations to meet the corporation's debt service costs will continue.

Moody's Investors Service last week revised the outlook of New York's Metropolitan Transportation Authority to negative from stable and affirmed its A2 rating.

Pennsylvania Gov. Edward Rendell Tuesday picked C. Daniel Hassell to serve as acting secretary of the Department of Revenue, the same day that Stephen Stetler stepped down from the post amid corruption charges.

New Jersey lawmakers are working to expand the abilities of the Capital City Redevelopment Corp., including the power to issue bonds and notes.

New Jersey Governor-elect Chris Christie last week announced that Lieut. Governor-elect Kim Guadagno also will serve as the next secretary of state.

Pennsylvania Gov. Edward Rendell Thursday warned that he would lay off 1,000 state employees to help balance the current budget unless the legislature passes a table games bill by Jan. 8.