Paul Burton

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.

A Pennsylvania law requiring better tax-collection procedures has boosted income-tax receipts for most municipalities and school districts, said Moody's.

The Connecticut Retirement Security Board picked Boston College's Center for Retirement Research and Mercer Oliver Wyman to explore a public retirement plan for private-sector employees.

Massachusetts Gov. Charlie Baker's proposed $38 billion budget projects $1.6 billion savings in Medicare expenses and establishes an MBTA weather resiliency fund.

Independent Budget Office estimates of New York City's surpluses over five years exceed those of Mayor Bill de Blasio, said director Ronnie Lowenstein.

Large financial firms can expect continued scrutiny for risk management, internal controls and governance, Federal Reserve chair Janet Yellen said in New York.

Pennsylvania Gov. Tom Wolf's proposed $30 billion budget calls for sweeping changes in state taxes and more spending on education while closing a $2.3 billion deficit.

S&P revised its long-term outlook on Central Falls, R.I.'s general obligation bonds to positive from stable while affirming its BB long-term rating.

Former Rhode Island House Speaker Gordon Fox pleads guilty to federal charges of bribery, wire fraud and failure to file tax returns.

The Massachusetts Development Finance Agency issued $95.5 million tax-exempt bonds for six Boston affordable housing development projects.

New York City plans to price $1 billion of general obligation bonds this month, including an $800 million refunding.