Paul Burton

Moody's Investors Service calls the expected infusion of federal funds for New York City Mayor Michael Bloomberg's $20 billion storm-resistance plan a credit positive.

Moody's Investors Service, which downgraded Woonsocket's general obligation unlimited tax rating to B3 from B2, said it could downgrade the city even further.

The University of Pittsburgh Medical Center accused Pittsburgh Mayor Luke Ravenstahl of suing it over its nonprofit status to cover a scandal in his administration, according to a court filing.

Suffolk County Executive Steve Bellone has written Governor Andrew Cuomo requesting the re-appointment of Mitchell Pally as the Suffolk County representative to the board of New York's MTA.

The Massachusetts Bay Transportation Authority — the transit system that serves Greater Boston — is staring at a $118 million gap for fiscal 2014, which begins July 1.

Providence, R.I. Mayor Angel Taveras desires $39 million in federal TIGER grant money to help fund a streetcar project he called essential to the city's comeback.

Pennsylvania's $28.3 billion budget is en route to the Senate with three weeks left in the session after the House passed it in a party-line 108-92 vote.

The New York City Municipal Water Finance Authority intends to sell $280 million of new money bonds and $120 million of refunding bonds next week.

Rhode Island's retirement system has moved to hire its first independent disability pension investigator, General Treasurer Gina Raimondo announced.

Mayor Michael Bloomberg's $20 billion plan to harden New York City from future storm damage is pricey but bold, municipal market observers say.

Massachusetts Treasurer Steven Grossman announced that a bond refinancing his office closed Tuesday will save the commonwealth more than $4 million in fiscal 2014.

Pennsylvania is probably in store for a downgrade from the rating agencies should it not overhaul its retirement system this session, its budget secretary said.

Harrisburg's receiver warned that a summary judgment ruling for incinerator creditor Covanta could push Pennsylvania's capital city to file for bankruptcy.

The Massachusetts School Building Authority will sell $500 million of senior dedicated sales tax bonds through negotiation, one week after a Moody's downgrade.

A federal judge in Rhode Island has agreed to let the state continue to implement electronic tolling equipment on the new Sakonnet River Bridge connecting Portsmouth and Tiverton.

Lack of funding for wage increases for employees working under expired union contracts could result in multi-year, multibillion-dollar gaps, New York City Comptroller John Liu told the City Council.

If Pennsylvania does nothing about its $47 million-and-rising unfunded pension liability, an Illinois-sized shadow could loom over the Keystone State.

Rhode Island could hurt itself "for decades" by not paying the $110 million moral obligation debt related to 38 Studios, municipal bond expert Matt Fabian told lawmakers.

Whether Rhode Island should pay $100 million of moral obligation debt related to the 38 Studios debacle triggered spirited discussion Thursday at the state capitol.

New York MTA's chief acknowledged that extensive work to fix two major subway tubes damaged by Hurricane Sandy would cost "hundreds of millions" of dollars.