Paul Burton

The trustees of all five New York City pension funds have voted to ban placement agents across all investment classes, Comptroller Scott Stringer announced.

Seasonal borrowing for fiscal 2015 will not be necessary, thereby saving New York City $75 million in debt- service costs, Comptroller Scott Stringer said.

Health-care cost savings in contracts between New York City and its municipal labor unions should be recurring and "bend the cost curve" by making the system operate more efficiently, said Carol Kellermann, president of the Citizens Budget Commission watchdog organization.

Infrastructure in New York City and around the Northeast is crumbling. How to pay to fix it is a question without easy answers.

It's yes to 38 Studios debt and no to Sakonnet River Bridge tolls as Rhode Island House Finance Committee approved a revised $8.7 billion budget.

Adrian King Jr. will resign as Pennsylvania's first deputy attorney general and rejoin law firm Ballard Spahr as partner on June 16.

S&P revised its outlook to positive from stable for its long-term and underlying A rating on Cranston, R.I., general obligation debt to positive from stable.

Fitch's AA rating of New York City's general obligation bonds reflects the city's effective management, said a spokesman for Mayor Bill de Blasio's budget office.

Gov. Tom Corbett's hybrid proposal to overhaul Pennsylvania's public employee pension system could pass despite a blitz from both the left and the right, said one Keystone State actuary.

S&P revised its outlook on Rhode Island Turnpike and Bridge Authority revenue bonds to negative from stable while affirming its A-minus rating on the bonds.

Stronger than expected tax revenue has narrowed outyear budget gaps for New York City, said city Comptroller Scott Stringer.

Frank Caprio, if he regains the Rhode Island treasurer's office, wants to go after the bond rating agencies as controversy simmers over 38 Studios.

Standard & Poor's raised its general obligation bond rating of Westborough, Mass., to AAA.

HUD's post-Sandy program awarded combined $540 million for a 10-mile berm along Manhattan's Lower East Side, a living breakwater along Staten Island's shore and protection for the Hunts Point food market and Long Island waterways.

A real estate revenue drop and lowered pension assumptions have triggered a budget deficit in Pittsburgh, said the city's financial recovery consultants.

U.S. District Court Judge Harold Baer Jr., whose liberal rulings on civil liberties generated a firestorm of criticism and who more recently presided over a municipal bond bid-rigging trial, died at age 81.

Pittsburgh, through consultants Public Financial Management and Eckert Seamans Cherin & Mellott, has filed an update to its financial recovery plan under Pennsylvania's Act 47 workout program for distressed communities.

The Federal Transit Administration awarded about $167 million to the Port Authority of New York and New Jersey and $67 million to New Jersey Transit to help both agencies continue rebuilding and replacing after Hurricane Sandy.

Comptroller Scott Stringer named 27-year TIAA-CREF veteran Scott Evans chief investment officer for the $150 billion New York City pension funds.

Fitch placed $34.3 million of Bridgeport Hospital bonds on rating watch positive, citing its pending transaction with Yale New Haven Health System.