Paul Burton

Luke Bronin ran for Hartford mayor because he didn’t like what he saw in Connecticut’s capital city. What he found in office was even worse, but Bronin says he can turn the city around with state and regional help.

Rhode Island's investment panel voted to terminate its investment in seven hedge funds, following Treasurer Seth Magaziner's initiative to minimize risk.

The opening of New York's Second Avenue subway line by year's end remains an open question, said an independent engineer.

New York MTA’s derivatives program reduces budget risk through interest-rate and fuel-hedging strategies, said finance director Patrick McCoy.

Rhode Island's pension system returned more than $45 million for September, state General Treasurer Seth Magaziner said.

Navigating the regulatory minefield is one of the biggest challenges facing the Mid-Atlantic muni market, officials from underwriting firms said at a Bond Buyer conference in Philadelphia.

Rhode Island is working on a debt affordability study that will include bonded debt as well as pension and OPEB liabilities, said Treasuer Seth Magaziner.

Bonds that funded the stalled minor-league baseball stadium in Hartford, Conn., could appeal to investors with appetite for risk, said Richard Larkin of Stoever Glass.

The second bond-rating upgrade in 10 months for New Britain, Conn., is further proof the city is moving in the right direction, said Mayor Erin Stewart.

Underperforming pension systems and limited state flexibility are pressuring Massachusetts municipalities, said S&P.

Construction resumed on a minor-league baseball stadium in Hartford, Conn., after city officials finalized an agreement for surety provider Arch Insurance to finish the project.

State budget troubles provided the backdrop as Connecticut sold $650 million in general obligation bonds and GO green bonds.

Massachusetts Treasurer Deborah Goldberg has banned Wells Fargo from its list of approved underwriters for one year, citing the fake-accounts scandal,

Education is potentially the most important public service to suffer from the $1.7 trillion pension funding crisis, said a Manhattan Institute report.

Pittsburgh is poised to leave state fiscal oversight by 2019, said Mayor Bill Peduto.

Laurie Martin is deputy chief investment officer for Connecticut’s $30 billion Connecticut Retirement Plans and Trust Funds, state Treasurer Denise Nappier announced.

Hartford, Conn., Mayor Luke Bronin called his city's four-notch downgrade to junk by Moody's "a sober assessment" of the city's fiscal state.

Pennsylvania Treasurer Timothy Reese expects to huddle with Wells Fargo representatives soon in light of the bank's fake-accounts scandal.

The planned shutdown of the L subway line through Brooklyn has spawned widespread calls in New York to spend capital dollars on alternative transportation.

Pennsylvania Gov. Tom Wolf, while dodging specifics, said he and legislative leaders are working on a local pension overhaul package.