Paul Burton

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.

Gov. Charlie Baker, acting on several recommendations by a special panel, filed legislation to establish a fiscal control board to run the Massachusetts Bay Transportation Authority.

Connecticut Treasurer Denise Nappier urged lawmakers to pass a bill to use premiums on general obligation bonds to fund previously authorized capital projects.

Twin River Management Group, which operates a namesake casino in Lincoln, R.I., said intends to move the Newport Grand facility to Tiverton, R.I., where it has secured purchase rights.

New York City’s participation in the green bonds would provide a huge momentum boost for an emerging financial tool, said climate change expert Alan Rubin.

Connecticut's projected general fund deficit is $121.2 million, nearly $12 million better than last month, said budget director Benjamin Barnes.

The limited federal reimbursement to Massachusetts to cover winter storm-related deficits is a credit negative for its local governments, according to Moody’s.

The market for green bonds is expanding exponentially and New York City should tap it for multiple benefits, said city Comptroller Scott Stringer.

New York State and New York City comptrollers Thomas DiNapoli and Scott Stringer, respectively, called on the SEC to compel fossil fuel industry companies to better disclosure climate change material risks

Massachusetts intends to sell $550 million of general obligation bonds through a competitive offering, the commonwealth's first under state Treasurer Deborah Goldberg.

Rising retirement benefit costs are threatening municipal services in California and the problem will worsen short-term, according to a Manhattan Institute report.