Paul Burton

Having sold its incinerator, Harrisburg, Pa., has a new symbol of a deal gone sour: a 12-story downtown office building, subject of a $6.9 million borrowing in 1998 that straddled the city with $42 million in debt service the city recently restructured.

Pennsylvania Gov. Tom Wolf established what he called a transformation office with an eye toward whittling the state's $2.3 billion deficit for fiscal 2016.

Connecticut will receive $36 million of a $1.4 billion multistate settlement with Standard & Poor's over allegations that S&P misled investors, state officials announced.

The New York City Housing Development Corp., a key financial engine to Mayor Bill de Blasio's affordable housing plan, again tops a list of multifamily bond issuers.

Gov. Charlie Baker spelled out $514 million in spending cuts to help Massachusetts seal a $768 million budget gap for fiscal 2015.

The New York City Municipal Water Finance Authority intends to sell $475 million of second resolution refunding bonds on Feb 19 after a retail order period, say officials.

New York City will invest $200 million in affordable housing, new infrastructure and job creation initiatives in the southwest Bronx, Mayor Bill de Blasio said in his annual State of the City address.

As if bond rating downgrades, a $50 billion unfunded pension liability and teetering school districts weren’t enough, Pennsylvania must wrestle with more political scandal as its treasurer resigns to plead guilty after a federal investigation.

Pennsylvania Treasurer Rob McCord resigned late Friday, effective immediately, as news reports swirled that he will plead guilty to charges of threatening would-be campaign contributors with the loss of state business.

Attorney Lisa Grasso Egan will serve as Connecticut's undersecretary for labor relations, state budget director Benjamin Barnes announced Jan. 30.

Harrisburg, Pa., Mayor Eric Papenfuse on Friday signed off on a restructuring agreement for bonds tied to the city's Verizon Center building despite his objections, and called for an investigation into the original 1998 bond deal.

Connecticut's Bond Commission approved $5.1 million to create two microgrid projects in Bridgeport and Milford that will help keep critical buildings and facilities powered in case the electric grid goes down.

State Treasurer Deborah Goldberg wants lawmakers to increase the Massachusetts lottery advertising budget by 25% to offset casino competition.

Massachusetts Treasurer Deborah Goldberg, who took office Jan. 21, named five deputy treasurers.

Board approval of fare and toll increases for New York City subways, buses, bridges and tunnels is a credit positive for the Metropolitan Transportation Authority, said Moody's Investors Service.

Light snow seasons and heavy snow seasons cost much more than average snow seasons on a cost-per-inch basis, said New York City Comptroller Scott Stringer.

The calendar and a stronger sense of storm preparedness will help soften the blow of this winter's first major Northeast blizzard, capital markets observers said Tuesday.

New York City Comptroller Scott Stringer announced a partnership designed to reduce claims against the city's police department.

Lower natural gas prices are a credit negative for local governments in gas-rich areas of Pennsylvania because the will pressure impact fees, said Moody's.

Connecticut is providing Bridgeport, Conn., $300,000 to redevelop its historic Remington Arms Factory site.