Paul Burton

Gov. Dannel Malloy reduced Connecticut's executive branch budget by roughly $25 million, as the state looks to plug a $121 million budget for fiscal 2015.

Leadership chaos in Albany following the arrest of Assembly Speaker Sheldon Silver on federal corruption charges could further complicate an already difficult task for New York MTA: obtaining approval of its $32 billion capital plan.

Pennsylvania's stressed public school districts are devising novel approaches for combating competition from charter schools, according to Moody's.

New York's Metropolitan Transportation Authority approved biennial fare and toll increases of roughly 4%, spread over two years.

Nitsui Fudosan, Related Cos. and Oxford Properties plan to build an office tower building at Hudson Yards, adjacent to the MTA's No. 7 extension.

Standard & Poor's raised the rating of New Britain, Conn.'s general obligation pension funding bonds three notches to A from BBB, the city's rating last year after a downgrade.

A calm environment atypical for January, low interest rates and the floating rate note enabled New York's MTA to upsize its bond sale, said finance manager Patrick McCoy.

New York City’s "fair share" of the state's $5 billion budget surplus is $2.2 billion, according to city Comptroller Scott Stringer.

Issuance could total $325 billion to $375 billion in 2015, Janney bond analyst Tom Kozlik told a Philadelphia investor group.

Oppenheimer Funds is looking over a judge's dismissal of its challenge to Rhode Island's plan to sell nearly $600 million in tobacco-settlement bonds.

A Rhode Island Superior Court judge dismissed a challenge by Oppenheimer Funds to the state's plan to sell nearly $600 million in tobacco revenue bonds.

Tom Wolf will inherit a host of economic problems, sliding credit ratings and a thorny political situation when the Democrat takes office Tuesday as Pennsylvania's 47th governor.

Gov. Tom Corbett announced the investment of $53.4 million in nine drinking water and wastewater projects across six Pennsylvania counties through Pennvest.

Gov. Charlie Baker named Northeastern University policy wonk and transit advocate Stephanie Pollaack as Massachusetts secretary of transportation.

MassDevelopment issues a $17 million tax-exempt bond on behalf of nonprofit CIL Realty, which plans to renovate and build 20 group homes for disabled persons.

Pennsylvania DOT has finalized all terms for the department's $899 million Rapid Bridge Replacement Project, Secretary Barry Schoch confirmed.

Connecticut's Bond Commission approved $5.75 million toward new railroad stations on the New Haven-Hartford-Springfield line and the New Haven line, Gov. Dannel Malloy said.

Three former chairmen of New York's MTA called on Gov. Andrew Cuomo and state lawmakers to fully fund the authority's $32 billion capital plan.

The $996 million federal grant Massachusetts received to extend a Boston-area Green Line streetcar route is a credit positive, said Moody's.

A committee of NFL owners and players hired PFM Asset Management to oversee the investments of their defined contribution plans.