Paul Burton

A New York City Council panel approved zoning changes necessary to advance a 67-story office tower development with enhanced access to Grand Central.

MTA Chief Thomas Prendergast wants New York City to contribute $300 million to the agency’s capital plan and $1 billion further for the Second Avenue line.

The chairman of the Metropolitan Transportation Authority wants New York City to ramp up its contribution to the transit agency.

The New York City Pension Funds have taken steps to formally consider diversity in manager evaluation and selection, Comptroller Scott Stringer said.

Pension obligation bonds are land mines municipal issuers should avoid, according to Janney Capital Markets.

The Massachusetts Pension Reserves Investment Management board has received an award for financial reporting excellence from the Government Finance Officers Association for the 10th straight year.

The design for a new Walk Railroad Bridge in Norwalk remains on schedule, said Connecticut Gov. Dannel Malloy and state transportation Commissioner James Redeker.

Massachusetts Gov. Charlie Baker halted the expansion of the Boston Convention and Exhibition Center, questioning whether the project's economic impact could justify the state taking on an additional $1 billion in debt.

New York’s MTA board approved a ban on political advertising after some contentious debate and an adverse ruling in federal court.

Connecticut Gov. Dannel Malloy continued his push for a 30-year, $100 billion transportation infrastructure spending package.

Rhode Island Gov. Gina Raimondo throws a little chin music at the new owners of the Pawtucket Red Sox, who want to build a ballpark in downtown Providence.

Variable rate debt represents 8% of the bond portfolio of New York's Metropolitan Transportation Authority — well below its 25% threshold, said finance manager Patrick McCoy.

A $967 million federal loan for commuter rail safety technology represents "a very favorable position for the MTA," said finance manager Patrick McCoy.

New York’s MTA may have to raise fares by as much as 15% if its proposed capital plan falls short, according to chief financial officer Robert Foran.

Harrisburg, Pa., has settled with its former attorney, Mark Schwartz, agreeing to pay him $80,000.

The Federal Railroad Administration has approved a $967.1 million loan to New York’s MTA for signal system safety improvements along Long Island and Metro-North commuter railroads.

After Boston’s mass transit system ground to a halt during the winter, the wheels for overhauling the agency that runs it have begun to turn.

The Massachusetts Pension Reserves Investment Management board named David Gurtz interim CFO and COO and promoted Sarah Samuels to deputy chief investment officer.

Gov. Tom Wolf announced the investment of $130.7 million for 12 non-point source, drinking water and wastewater projects across eight counties through the Pennsylvania Infrastructure Investment Authority.

Rhode Island's serious financial challenges extend well beyond the headline 38 Studios bond financing controversy, said a report by Gurtin Fixed Income Management.