Paul Burton

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.

Catherine Taylor will resign as Rhode Island director of elderly affairs, effective June 20, to run for lieutenant governor.

CUNY's journalism grad school is launching a five-year effort to improve state and local fiscal reporting, thanks to a major gift from New York civic leader Richard Ravitch.

Fitch removed the GO rating of West Warwick, R.I., from rating watch negative and assigned a stable outlook while affirming its just-above-junk BBB-minus.

S&P revised the outlook on its AA and AA/A-1-plus ratings on Delaware County Authority college revenue bonds, issued for Haverford College, to negative.

Connecticut and New York's MTA will jointly pursue $349 million in federal resiliency funds to replace the 118-year-old Walk Bridge in Norwalk, Gov. Dannel Malloy said.