Paul Burton

S&P, in the latest bond rating company tongue-lashing to Pennsylvania over its unfunded pension liability, warned of a possible downgrade.

A new credit issued by New York's Metropolitan Transportation Authority secured by payroll mobility tax revenues should be its highest rated, according to finance director Patrick McCoy.

New York's MTA board is weighing an $11 million addition to its $429 million contract with Bombardier and Siemens for train controls that would inhibit speeding.

New York's MTA expects its tentative five-year deal with Transport Workers Union Local 100 to cost $525 million, according to an authority document.

New York City Comptroller Scott Stringer on Friday called for allocating an additional $1 billion to emerging managers — which include so-called minority and women business enterprises — of the city's five public pension funds.

Union-owned Amalgamated Bank has been carving a niche for itself with bond transactions in Harrisburg and Scranton, Pa., and Allen Park, Mich.

Housing in New York City became less affordable since 2000 as the median apartment rent rose by 75% while real incomes declined, according to a report by city Comptroller Scott Stringer.

Limiting the stays of Pennsylvania cities in the workout program for distressed communities could be counterproductive, said an aide to Gov. Tom Corbett.

Actor Alec Baldwin will visit Rhode Island on June 7 to help raise money for the Adams Memorial Library in formerly bankrupt Central Falls.

Gov. Tom Corbett announced the investment of $41.7 million in 13 nonpoint source, drinking water and wastewater projects across 12 Pennsylvania counties.

Massachusetts is preparing to offer another round of so-called green bonds to investors, state Treasurer Steven Grossman said on Earth Day.

Former Bank of America executive Douglas Lee Campbell received no fine or prison from federal Judge Kimba Wood for his role in rigging municipal bond contracts.

Moody's revised its outlook on Bucks County, Pa., to negative, affecting $387 million in general obligation bonds and GO-guaranteed debt.

Rhode Island's failed attempt to settle a lawsuit challenging its pension overhaul law casts uncertainty over the state's finances, say Moody's and Janney.

New York's MTA and Transit Workers Union 100 reached a tentative five-year labor agreement, Gov. Andrew Cuomo announced.

Rhode Island Superior Court Judge Sarah Taft-Carter rejected a motion by state officials to dismiss a lawsuit that challenged the 2011 pension overhaul law.

New York City Comptroller Scott Stringer has formed a unit to oversee the handling of funds related to Hurricane Sandy rebuilding.

Public finance experts cite greater awareness about the need to think beyond immediate crisis management.

New York's MTA awarded two contracts valued at $628 million to East Side Access contractors who will wall more than 10,000 linear feet of newly excavated tunnels and install communications systems.

Connecticut Gov. Dannel Malloy called for several state investments in major highway, bridge and rail projects as part of a five-year capital infrastructure program.