Paul Burton

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.

Connecticut budget chief Benjamin Barnes said the state is fiscally sound, despite projected deficits totaling $1.4 billion in fiscal years 2016 through 2018.

The Pennsylvania agency overseeing Harrisburg's financial recovery has petitioned a court to extend the term of city receiver William Lynch for two more years.

The improved forecast New York Metropolitan Transportation Authority revealed in its November financial plan is a credit positive, according to Moody's.

Under the glare of bond rating agencies and banks, Scranton, Pa., Mayor Chris Doherty submitted a $130.2 million budget that closes a $20 million gap.

New York's MTA will receive $30.5 million for its capital program through the sale of Bronx property for a retail complex and possibly senior housing.

Bill de Blasio's budget proposal about a month into his tenure could provide a window to investors anxious to see how New York's new mayor will handle finances.

The Philadelphia Mutual Analyst Society held its inaugural meeting Logan Square with goal of becoming a member of the National Federation of Municipal Analysts.

Rhode Island municipalities are shifting retirees onto new health-care exchanges, reducing benefits and raising employee co-pays to curb soaring costs, Moody's said in a report.

The New York City Municipal Water Finance Authority sold $397 million of second resolution, fixed-rate, tax-exempt new money bonds on Tuesday.

New York's MTA intends to cut nearly in half the size of its planned fare and toll increases for 2015 and 2017, chief financial officer Robert Foran said.