Paul Burton

New York's Metropolitan Transportation Authority will hold a $1 billion refunding bond sale as budget uncertainty, a court appeal and fare increases hover.

Strained Northeast cities look to service sharing for savings and cost efficiencies, while tearing down old barriers of turf and jobs.

Emerging from Chapter 9 bankruptcy without a bond default is a credit positive for Central Falls and other Rhode Island municipalities, according to Moody's.

Moody's Investors Service upgraded Erie County, Pa. to Aa2 from Aa3.

The chairman of New York's Metropolitan Transportation Authority warned about reducing or even eliminating unlimited fare and other MetroCard discounts.

The Massachusetts Water Pollution Abatement Trust received $77.5 million in grant funding to support low-interest water loans, Treasurer Steven Grossman announced.

Standard & Poor's affirmed Connecticut general airport revenue bonds for Bradley International Airport at A-minus, and assigned that rating to a new deal.

After an overhaul of its parking authority, the Scranton, Pa., City Council voted unanimously to cover an authority bond payment due Saturday.

Connecticut has scheduled a $570 million sale of general obligation new money and refunding bonds for next week, with Siebert Brandford Shank the lead manager.

More than a third of Massachusetts hospitals lost money in fiscal 2011, according to a state report that comes as providers brace for a cost-containment law.

To no one's surprise, Harrisburg, Pa., will miss its GO bond payment for the second time this year. Observers say the move won't ripple the bond markets.

Standard & Poor's assigned its AA long-term rating to Connecticut's $570 million of GO bonds while affirming that rating on its $15 billion of debt outstanding.

In a move that came as no surprise, receiver William Lynch said Harrisburg, Pa., will skip its $3.4 million general obligation bond payment due this week.

Whether Central Falls, R.I.'s bankruptcy reorganization could serve as a national model, as its presiding judge suggested, remains an open question.

New York City and Massachusetts are tapping the capital markets to fund social intervention programs under a new mechanism called social impact bonds.

A Commonwealth Court of Pennsylvania judge has delayed her order compelling the City Council in state capital Harrisburg to double its earned-income tax.

Keith Stokes, who resigned as executive director of the Rhode Island Economic Development Corp. in the aftermath of the 38 Studios loan default, re-emerged as president of a lobbying organization.

The chief executive of the Rhode Island Public Transit Authority is on paid administrative leave while state police examine the agency's internal records.

Monroe County, Pa. commissioners said they would support a $35 million bond referendum for open space if an economic development initiative is added.

Canton, Conn., voters will decide on nearly $20 million worth of capital projects in a November referendum.