Paul Burton

Hartford, Conn., received a one-notch downgrade from Moody’s Investors Service, to Baa1 from A3.

Variable-rate debt represents a manageable 7% of New York MTA’s $36.7 billion debt portfolio, finance manager Patrick McCoy said.

Construction delays at the 72nd Street station could jeopardize the planned December opening of the Second Avenue subway line, New York MTA officials say.

Outside-the-box approaches to New York's regional transportation woes still beg the question of funding.

Veteran banker Jeffrey Diehl will direct the nascent Rhode Island Infrastructure Bank, its board of directors announced.

Rebranding and internal improvements paid off for Capital Region Water – the former Harrisburg Authority – which landed its first investment-grade rating since 2011.

As the battlefield shifts to its 2017 budget from its 2016 budget, Pennsylvania’s sharp political divide has had heavy ramifications in the capital markets.

States and cities should prioritize OPEB overhaul as much as they do pension overhaul, according to a Manhattan Institute report.

Scranton, Pa.’s pending $195 million wastewater sale could help end its long stay in a state oversight program for distressed cities, Mayor Bill Courtright said.

The University of Connecticut intends to sell $342 million of GO bonds under its UConn 2000 infrastructure improvement program, including a $42 million refunding.

Connecticut lawmakers approved a plan to close an estimated $220 million deficit for fiscal 2016, while a nearly $1 billion shortfall for the following year hovers.

One-third of New York small business owners endure long waits for approvals to open shop, according to city Comptroller Scott Stringer’s red-tape panel.

Connecticut, home to the two tribal casinos that launched a gambling boom in the northeast, may become a victim of that boom as gambling behemoth MGM builds a casino just across the state line in Massachusetts.

Pennsylvania finally has a state budget but remains vulnerable to more rating downgrades, said a Philadelphia-based municipal strategist.

Pennsylvania Gov. Tom Wolf said he would allow the nine-months-late fiscal 2016 budget to become law without his signature.

New York’s MTA expects to know the fate of its five-year capital program by the end of the month, said Chairman Thomas Prendergast.

Following a consultant's scathing report, New York City Comptroller Scott Stringer's office has set out to streamline the Bureau of Asset Management.

Scranton, Pa., may finance its $31.5 million back-pay settlement with police and fire unions with a refunding of some of its $50 million stranded parking authority debt, officials said.

Gov. Tom Wolf and the Pennsylvania legislature are still at odds over a tardy $30 billion fiscal 2016 budget, even after lawmakers sent him another version.

The Massachusetts Bay Transportation Authority intends to hand its oversight board a $2 billion budget that trims its structural deficit from $242 million to $80 million.