Paul Burton

Distressed Scranton, Pa.'s proposed $110 million budget represents a 29% increase, and comes as a county court is set to rule on whether it can impose a commuter tax.

Connecticut's Office of Policy and Management has announced $170 million in cuts, amounting to half its estimated shortfall for the current fiscal year.

The New York City Municipal Water Finance Authority has planned a $435 million sale of new money bonds on Tuesday, after a one-day retail order period.

Battered by Hurricane Sandy, New York's Metropolitan Transportation Authority may be on the hook for an estimated $950 million, even after reimbursements.

Moody's has placed New York University Hospitals Center's A3 bond rating under review, after the continued closure of Tisch Hospital following Hurricane Sandy.

New York City Comptroller John Liu said an audit of the city’s Department of Environmental Protection’s Bowery Bay water pollution control project in Queens determined that a consultant’s design errors and omissions had cost the city an extra $6.6 million, but the agency made little or no effort to recoup the money for the city.

The New York City Transitional Finance Authority sold $914.8 million of subordinate fixed-rate bonds on Thursday.

The University of Connecticut on Tuesday issued $88 million of UConn2000 Series 2012A special obligation student fee revenue refunding bonds, with an all-in true interest cost of 2.48%.

Will the proposed tourist ferris wheel for Staten Island be a game-changer for New York City's forgotten borough, or are officials spinning their wheels?

A report by asset manager Conning that placed Connecticut last among the 50 states in credit quality has state Treasurer Denise Nappier up in arms.

Hurricane Sandy raised awareness about the need to better fortify the New York City region. What is not clear is the best way to do that, or to pay for it.

The University of Connecticut will go to market with a $90 million sale of Series 2012A refunding special obligation student fee revenue bonds.

Standard & Poor's raised its rating on Central Falls, R.I.'s general obligation debt to BB from C. The outlook is stable.

Moody's Investors Service revised its outlook to stable from negative and affirmed the Ba1 rating of Queens Ballpark Co. LLC, developer of the New York Mets' Citi Field.

Massachusetts Treasurer Steven Grossman wrote U.S. Senators Harry Reid, D-Nevada, and Jon Kyl, R-Ariz., to oppose legislation that would limit states' control of online gambling within their borders.

Harrisburg's former receiver wants a special prosecutor to probe the incinerator bond deals that left Pennsylvania's capital more than $340 million in the hole.

Retail pricing began for the Pennsylvania Housing Finance Agency's $230 million sale of mortgage revenue bonds. The institutional sale will be Thursday.

Moody's downgraded to Ca from Caa1 the bond rating of West Penn Allegheny Health System, which is embroiled in a messy merger battle with Highmark.

Mayor Michael Bloomberg and other New York City leaders announced a $500 million emergency plan to make critical repairs to public schools and hospitals damaged by Hurricane Sandy.

City officials, workout consultants and industry leaders asked a Pennsylvania agency to let the city of Pittsburgh exit its recovery plan and the distressed label that goes with it.