Paul Burton

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.

So-called headline and political risk, notably in Pennsylvania, could further complicate an already difficult muni landscape, according to PNC Capital Markets.

A settlement over back pay for the city’s police and fire unions is a major step to financial recovery in Scranton, Pa., says Mayor Bill Courtright.

The savings are that New York City Mayor Bill de Blasio trumpets from significant changes to the city’s employee health plans are a matter of debate.

Revised outlooks to negative from two of the four bond rating agencies represent “bittersweet” news for Connecticut, said state Treasurer Denise Nappier.

Connecticut’s bond outlook was revised to negative from stable by Moody’s Investors Service, citing budget strains from weakening demographics.

A $1 trillion shortfall in public pension plans is rooted in poor governance, think tank Manhattan Institute for Policy Research reported.

New York MTA intends to add more than 2,000 state-of-the-art buses to its transportation fleet over five years at a $1.3 billion cost, said Gov. Andrew Cuomo.

Organizers of a muni conference that features academics, market practitioners, public officials and regulations are rebranding the event and moving it from Boston to Washington.

Pennsylvania’s budget impasse may force the Red Lion Area School District into bankruptcy, its superintendent said.

Rhode Island Commerce Corp., whose predecessor agency the SEC charged with defrauding investors in the 38 Studios bond fiasco, says the filing parallels its own clawback attempts.