Paul Burton

Pittsburgh stands to realize $3.2 million, or 5%, of present-value savings from its expected $63.3 million refunding scheduled for Oct. 22, according to city finance director Paul Leger.

The Massachusetts Development Finance Agency issued a $4.1 million tax-exempt bond on behalf of Cerebral Palsy of Massachusetts.

Fully funding its next four-year capital program without burdening riders poses an immediate challenge for New York's MTA, according to state Comptroller Thomas DiNapoli.

William Ronan, the first chairman of New York's Metropolitan Transportation Authority, died at age 101.

An extra layer of state oversight loosely based on the Harrisburg receivership may evolve from Pennsylvania's new time limit for distressed municipalities to stay in its Act 47 program.

Massachusetts plans to resume its MassDirect notes sale, rolling offerings for retail investors totaling $510 million over nine months.

Navigating through market turmoil, the Connecticut Housing Finance Authority was oversubscribed by 2.5 times and sold $157 million of bonds.

Rhode Island priced a $162 million general obligation bond refinancing. The final net present value savings was $16.17 million, according to the office of General Treasurer Gina Raimondo.

The Penn Institute for Urban Research will host the discussion, on urban fiscal policy and public pensions on Nov. 11 in Philadelphia.

Pittsburgh plans to come to market next week with a refunding of $70 million in general obligation bonds in two series.

Sound fiscal practices are vital for Pennsylvania's distressed cities, regardless of how long they stay in the state-sponsored Act 47 workout program, analysts say. A new law will limit cities' stay in Act 47.

A parkland project is proposed for New York City's Queens borough that would involve converting 3.5 miles of abandoned elevated railroad track.

Metro-North Railroad completed construction of a $5.7 million bridge in New Hamburg, N.Y.

The Connecticut Housing Finance Authority plans its fourth issuance of the calendar year, a $158 million sale of housing mortgage finance program bonds.

Raising the state gas tax and tolling East River and other bridges could help New York's MTA fill a gap of at least $15.2 billion, said former chairman Richard Ravitch.

Hartford Treasurer Adam Cloud said two negative bond-rating actions already this month could serve as wakeup calls in Connecticut's capital.

State Auditor General Eugene DePasquale and six central Pennsylvania mayors will discuss local finances in an Oct. 27 roundtable discussion in Harrisburg.

Former New York Lieutenant Gov. Richard Ravitch will speak at the New York Transit Museum in downtown Brooklyn. N.Y., on Oct. 9.

After Moody's revised Rhode Island's outlook to stable from negative, Gov. Lincoln Chafee said the state is headed in the right direction.

Moody's Investors Service late Monday revised its outlook on Rhode Island to stable from negative and affirmed its Aa2 general obligation rating.