Paul Burton

New York's MTA revised its offer to the Long Island Rail Road workers in an attempt to avoid a strike, offering 17% pay increases over seven years, including a retroactive period

Public Financial Management Inc. points to municipal clients that have avoided state oversight, some receiving bond-rating upgrades, as signs of progress in its nearly three years in Rhode Island.

An upgrade from S&P helped generate $396 million worth of transportation revenue bond retail orders, according to New York's Metropolitan Transportation Authority.

Moody's upgraded formerly bankrupt Central Falls, R.I., to Ba3 from B1 and changed the city's outlook to stable from positive.

New York's MTA is weighing a proposal for a 16,000-square foot eatery at Grand Central Terminal's Vanderbilt Hall, operated by restaurateur Claus Meyer.

New York City Transportation Commissioner Polly Trottenberg and Neal Zuckerman of the Metro-North Railroad Commuter Council will join the board of New York's MTA.

Despite a recent vote for the state to make a bond payment, intrigue and controversy surround continue to surround the saga of the failed 38 Studios economic development deal in Rhode Island.

New York City Mayor Bill de Blasio and the City Council agreed on a $75 billion budget proposal, up 7% from last year.

Massachusetts plans to kick off a five-year asset-liability management program with a $500 million sale of SIFMA index bonds.

Standard & Poor's removed Rhode Island from credit watch negative after state lawmakers approved a $12.3 million 38 Studios bond payment.

Paying the moral obligation debt the state guaranteed for the failed 38 Studios will strengthen Rhode Island's image in the capital markets, Gov. Lincoln Chafee said in an interview.

Standard & Poor's raised its various ratings on New York's MTA, including an elevation of its transportation revenue bonds to AA-minus from A-plus.

The New York City Municipal Water Finance Authority intends to sell roughly $200 million of second resolution, fixed-rate tax-exempt bonds on June 25

Nixon Peabody hired Vincent Casey from Orrick, Herrington & Sutcliffe as part of a buildout in project finance and public-private partnerships.

Rhode Island's Senate sent an $8.7 billion budget to Gov. Lincoln Chafee, who said he would sign the plan, which includes a payment on bonds the state agreed to back for the failed 38 Studios firm.

Massachusetts Democrats nominated Steve Grossman for governor, setting up a primary battle with Attorney General Martha Coakley and upstart Don Berwick.

The New York City Housing Development Corp.'s board approved $373 million in bonds to price next week for affordable housing as part of a $607 million debt package.

Bleary-eyed Rhode Island House members shortly after midnight approved a revised $8.7 billion budget bill that included a $12.5 million payment toward 38 Studios moral obligation debt.

New York City faces challenges beyond its recent labor agreement with the United Federation of Teachers, state Comptroller Thomas DiNapoli said.

Debate over the 38 Studios bond fiasco reheated late into the night as a Rhode Island lawmaker offered a bill to ban a $12.5 payment on moral obligation debt a state agency issued on behalf of the failed video game maker.