Paul Burton

Gov. Deval Patrick submitted his final budget to Massachusetts lawmakers Wednesday, proposing a $36 billion spending plan for fiscal 2015 that would increase spending nearly 5%.

The Massachusetts pension reserves investment trust fund returned 15.2% in calendar 2013, marking an investment gain of $7.9 billion, according to the Pension Reserves Investment Management board.

The New York City Transitional Finance Authority sold $946 million of future tax secured fixed-rate subordinate bonds.

Two lynchpin bond sales under the Harrisburg, Pa., recovery plan priced within the expected range when receivership officials filed the plan in August, according to a status report.

Boston is weighing a push for Massachusetts casino host community status even though voters in one neighborhood rejected one proposal.

State officials filed an application Thursday in the Commonwealth Court of Pennsylvania to vacate the receivership for capital city Harrisburg.

Rhode Island Gov. Lincoln Chafee proposed a $275 million bond referendum in November and a $12.5 million payment of 38 Studios moral obligation debt.

Providence, R.I., which two years ago faced what Mayor Angel Taveras called a "Category 5 Fiscal Hurricane," reported a $1.6 million surplus for fiscal 2013.

Metro-North estimated damage from the deadly commuter train derailment in the Bronx at more than $9 million, said a preliminary report from a federal agency.

Harrisburg would exit receivership while remaining under state oversight under a plan by Pennsylvania officials.

A former Pennsylvania Turnpike worker pleaded guilty and received probation in a case the judge called an "offshoot" of a pay-to-play scandal.

Standard & Poor's upgraded Series 2007civic facility revenue bonds issued for Polytechnic University after the school merger with NYU closed.

New Mayor Bill Peduto is smart to delay Pittsburgh's request to exit a state oversight program for distressed communities, capital markets observers say.

The Court of Appeals, New York State's highest court, dismissed Nassau County's legal challenge to the MTA's payroll mobility tax by refusing to hear the case.

Armed with triple-A ratings across the board, Greenwich, Conn., will sell $130 million to fund a music auditorium, a fire station and a nursing-home renovation.

The final federal hurdle – Internal Revenue Service approval -- has been cleared in securing recovery zone bonds for financing the complete construction of the 80-story 3 World Trade Center in downtown Manhattan, U.S. Senator Charles Schumer announced.

The frenetic scramble for Massachusetts resort casino licenses has generated a host of intricate, juicy moving parts -- bizarre, even by Bay State standards.

Connecticut's overall debt has fallen by 15% over the past three years, budget chief Ben Barnes said in a report that generated back-and-forth partisan sniping.

Former Lebanon, Pa., mayor Jackie Parker, will lead the nascent Harrisburg economic development team, Harrisburg Mayor Eric Papenfuse announced in Pennsylvania's capital.

Howard Permut will retire as president of Metro-North Railroad, New York's MTA announced, and be replaced by Joseph Giulietti.