Paul Burton

Agreement on $29 billion in capital funding for the MTA was the best moment of the year for New York City transit riders, said the Straphangers Campaign group.

Pennsylvania still lacks a complete budget despite sighs of relief from school districts that will receive catch-up funding.

Over the past 10 years, New York City's overtime spending has increased from $928 million to $1.7 billion, according to the Independent Budget Office watchdog organization.

Gov. Tom Wolf's six-month emergency funding provision for Pennsylvania's school districts is good news for the bond markets, said a municipal credit analyst.

Just how far Connecticut Gov. Dannel Malloy can advance his transportation agenda is uncertain, given the state's budget strains, high debt, and pension liability woes.

In the latest bizarre turn to Pennsylvania's budget drama, the Senate sends Gov. Tom Wolf a trimmer, House-favored $30.3 billion spending plan.

Pennsylvania’s House, after an afternoon of parliamentary back-and-forth, moved toward a vote on the full $30.8 billion budget framework on which Gov. Tom Wolf and Senate leaders agreed.

Standard & Poor's revised its outlook to stable from positive for Wilkes-Barre, Pa.’s GO bonds, citing weaker liquidity.

New York City will end the fiscal year with a $963 million surplus, or $828 million more than Mayor Bill de Blasio's estimate, said the watchdog Independent Budget Office.

The Connecticut Housing Finance Authority issued more than $400 million of bonds in 2015, including a $30 million sale in December backed by strong retail demand.

An emphatic weekend rejection of a pension-overhaul bill seen as pivotal to a budget compromise sent Pennsylvania's legislative leaders scurrying again.

Pennsylvania House Republican leaders told Gov. Tom Wolf they would push his budgetary tax package to the floor if he can show he has a majority of votes.

New York MTA approves its $15 billion operating budget in a warmup act for another capital program battle with Albany.

New York City Comptroller Scott Stringer’s latest call for change in the city’s $163 billion pension-fund system is for divestiture from coal.

Connecticut should phase in a reduction of its investment return assumption from 8% to 7% to conform “more realistically” to capital markets expectations, said state Treasurer Denise Nappier.

The AFL-CIO Housing Investment Trust announced a partnership to invest up to $300 million in Metro New York affordable housing, community centers and care facilities.

New York MTA officials is looking to go green, and they don’t mean the map colors of the Lexington Avenue subway line.

In the latest Pennsylvania budget-impasse domino to fall, S&P withdrew its ratings based on the commonwealth’s school district state aid intercept program.

SUNY Chancellor Nancy Zimpher is making an impassioned pitch for more funding while challenging the system from within.

The Massachusetts Bay Transportation Authority on Thursday terminated some contracts related to its 4.5-mile expansion of its Green Line light rail system north of Boston.