Paul Burton

Moody's Investors Service downgraded Lowell General Hospital's debt to Baa2 from Baa1 and removed the rating from under review.

Scranton, Pa.'s City Council approved its financial recovery plan moments after landing a $6.2 million tax-anticipation notes deal from Amalgamated Bank.

A legal battle over the ability of a state-appointed receiver to force capital city Harrisburg to increase taxes played out in a Pennsylvania court.

In an interview at the state capitol in Providence, Rhode Island Gov. Lincoln Chafee discusses challenges cities and towns face in the nation's smallest state.

Bronx Borough President Ruben Diaz Jr. endorsed a proposal to build a hockey and figure-skating center at the site of the old Kingsbridge Armory.

New York's Metropolitan Transportation Authority plans to appeal a court ruling that negated its payroll mobility tax and could cost it $1.2 billion.

Harrisburg, Pa., could miss another general obligation bond payment in mid-September in order to make payroll and could run out of cash altogether by the end of next month.

Pennsylvania's Senate has delayed its hearings on Harrisburg incinerator bond financings, and seeks more detail from parties uncooperative toward a local audit.

Joe Watkins of Philadelphia will take over as recovery officer for Chester Upland's school district, which Pennsylvania officials have deemed distressed.

The state Supreme Court's invalidation of New York City's law expanding yellow cab service to all boroughs could create a $1.4 billion budget gap.

Rhode Island will receive more than $3.3 million in federal funds to help replace the Pawtucket River Bridge on Interstate 95 in Pawtucket.

The Pennsylvania Senate's investigation into the Harrisburg incinerator bond deals will be wide-ranging, said committee chair John Eichelberger.

Hedge fund Bridgewater Associates, with support from the state, will construct a new headquarters in Stamford, Connecticut Gov. Dannel Malloy announced.

Groton, Conn. voters will vote in November whether to issue up to $11.2 million in bonds to cover the cost of a five-year plan to fix town roads.

The state-appointed consultant that must sign off on Scranton, Pa.'s financial recovery plan sees progress, but room for improvement.

Massachusetts Treasurer Steven Grossman favors lowering the assumed return rate on pension-fund assets. Many states are doing likewise amid diminished returns.

The Massachusetts Development Finance Agency plans a $54 million sale of Northeastern University revenue bonds, with Barclays the lead manager.

Attorney Michael Washo will run the troubled Parking Authority in Scranton, Pa., a judge has ruled after indenture trustee Wells Fargo sued.

Moody's affirmed its Ba3 rating and negative outlook on the Harrisburg Parking Authority's bonds, citing the financial uncertainty in Pennsylvania's capital.

Massachusetts Gov. Deval Patrick signed a transportation bond bill that will provide $1.5 billion in state and federal funds.