Paul Burton

The use of 40-year bonds to retire $300 million of bond anticipation notes received favorable reaction in the capital markets, said the finance director of New York's MTA.

The University of Connecticut plans to issue about $300 million of GO bonds under its UConn2000 infrastructure improvement program.

Rhode Island’s $621 million sale of tobacco settlement asset-backed bonds two months after a state judge cleared the deal was a huge boost for the Ocean State, said an attorney involved with the case.

The long hours and commutes New Yorkers endure underscore the need for adequate transit funding, said New York City Comptroller Scott Stringer.

Massachusetts Department of Revenue operative Sean Cronin will be the state overseer for Lawrence, budget Secretary Kristen Lepore announced.

Rhode Island Gov. Gina Raimondo and General Treasurer Seth Magaziner announced plans for a state infrastructure bank for green financing alternatives.

Rhode Island and unions challenging its landmark 2011 pension benefit are working to settle the case and avoid a jury trial.

Boston think tank Pioneer Institute launched the MassAnalysis online tool that provides fiscal information about Massachusetts cities and towns.

Gov. Charlie Baker’s proposed early retirement incentive would increase Massachusetts’ unfunded pension liability and could hurt its bond rating, said state Treasurer Deborah Goldberg.

Moody’s revised its outlook on Montgomery County, Pa., GO bonds to stable from negative while affirming its Aa1 rating.

The New York City Municipal Water Finance Authority intends to sell about $475 million of refunding bonds on March 31 after a one-day retail period.

Pennsylvania Gov. Tom Wolf's proposed $30 billion budget brings new ideas to the table but faces some stiff headwinds, capital markets observers said.

As part of her first budget presentation, Rhode Island Gov. Gina Raimondo launched the state's first web-based budget tool.

Gov. Charlie Baker has filed legislation to allocate $200 million in funds to Massachusetts cities and towns for local transportation infrastructure improvements.

Pennsylvania Gov. Tom Wolf stirred a hornet's nest in the capital markets when he included $3 billion in pension obligation bonds with his budget proposal.

Restructuring state debt to enhance economic development and jump-start Rhode Island's sagging economy is a linchpin of Gov. Gina Raimondo's $8.6 billion budget proposal for fiscal 2016.

The Massachusetts Development Finance Agency hired John Markowitz as vice president for infrastructure finance to expand its investment banking team's infrastructure financing capabilities.

New York's City Council is considering a bill to relax restrictions on European-style youth hostels and, say its backers, generate tax revenue and economic activity.

Standard & Poor's changed its outlook on Connecticut GO bonds to negative as the state prepares for a $500 million sale.

Pennsylvania Gov. Tom Wolf's plan to reduce pension fund costs is a credit positive for large passive asset managers, according to Moody's.