Paul Burton

The MTA, after the deadly Metro-North Railroad derailment, said it intends to fully fund and implement train-control technology, but doing so by 2015 would be hard.

Boston's MBTA will launch late-night service in the spring, said Massachusetts Gov. Deval Patrick, who found $20 million from state funding and corporate pledges.

Connecticut's sale of special tax obligation bonds generated $173.4 million of retail orders, which Treasurer Denise Nappier said was the highest under the program.

A delay in the finalizing of Harrisburg, Pa.'s $260 million parking-asset lease has also pushed back the sale of the city's incinerator to Lancaster County.

Beth Bye will succeed Toni Harp as Senate chair of the appropriations committee, Senate President Donald Williams announced.

CEO-to-worker pay ratio is important to New York City pension funds, the city comptroller said in a letter to the U.S. Securities and Exchange Commission.

William Lynch has received a two-year extension to his term as state-appointed receiver for distressed Harrisburg, the Commonwealth Court of Pennsylvania confirmed.

A state board delayed a vote on an estimated $270 million parking lease deal for Harrisburg, Pa., one of two transactions essential to the city's recovery plan.

While still fighting to shake its rust-belt image, Allentown, Pa., undertook two major transactions in the past year, including a downtown arena project.

New York City plans to sell $700 million of tax-exempt fixed rate general obligation bonds on Dec. 10 by negotiation after a two-day retail order period.

Collingswood, N.J.'s general obligation bond rating is "back where it always should have been," its mayor said after Standard & Poor's assigned it a AA-minus rating.

Pennsylvania Gov. Tom Corbett signed the far-reaching transportation bill that lawmakers enacted last week after lengthy debate.

Harrisburg, Pa., receivership officials and the agency buying the city's incinerator hope to sell bonds next week to finance a purchase aimed at keeping the city out of bankruptcy.

Collingswood, N.J., which objected two years ago when Moody's Investors Service slammed it with a six-notch downgrade to junk, got a AA-minus rating from S&P.

New relationships with banking firms are expected to generate an additional $21 million per year for the New York City pension funds, Comptroller John Liu said.

The specter of another top taxpayer leaving Woonsocket, R.I., could be a credit negative for the city, said Moody's Investors Service.

Pennsylvania Gov. Tom Corbett still has unfinished financial business, but was able to bask in a rare win - passage of a $2.4 billion transportation bill.

New York City closed its $2 billion budget gap, Mayor Michael Bloomberg said Thursday afternoon in releasing his final quarterly budget.

Pennsylvania's House of Representatives was scheduled to debate a $2.4 billion transportation bill that Senate counterparts approved a day earlier.

Fitch Ratings revised its outlook on Pawtucket, R.I., general obligation bonds to positive while affirming its BBB-minus rating, barely above junk level.