Paul Burton

A new local development corporation closes its first four tax-exempt bond financings, totaling $93.4 million. Receiving the funding were the YMCA of Greater New York, Royal Charter Properties, New York Foundling Charitable Corp. Yeshiva Har Torah.

Lawmakers push the moratorium to Nov. 30 over the objections of critics who say it robs the capital city's receiver of a bargaining chip with major creditors.

The bankrupt, 18,000-population Rhode Island city receives long-awaited positive news from Wall Street

With the end of the fiscal year looming, the Pennsylvania Senate on Friday afternoon passed a $27.7 billion budget by a 32-to-17 vote.

The City Council also overrode Mayor Michael Bloomberg's veto of the so-called living wage bill, affecting many companies that do business with the city.

While particulars vary, distressed Pennsylvania communities Harrisburg, Scranton and Altoona struggle for solutions amid common concerns of state indifference - and in some cases hindrance - rising pension obligations and potentially crippling arbitration awards.

Rhode Island Gov. Lincoln Chafee signed an executive order creating a task force to help facilitate shared services among Pawtucket, Central Falls and East Providence.

The Rhode Island Economic Development Corp. has hired outside counsel to explore a clawback of money the state stands to lose amid the demise of video game company 38 Studios.

The $68.5 billion spending plan calls for no tax increases, but skeptics say it relies too much on stop-gap measures.

Edward Moran says such a move by investors could help keep the struggling company behind the Yankee Stadium garage project out of bankruptcy.

Harrisburg, Pa., receiver William Lynch chose the Lancaster County Solid Waste Management Authority to enter into exclusive negotiations to purchase the incinerator that has become the face of the city's debt crisis.

On the eve of a refunding for the same amount and with former Gov. David Paterson on board, the agency signs off on spending for capital projects

The Harrisburg, Pa., City Council has launched another legal attempt to fight receivership in Pennsylvania's distressed capital city.

With the initial development period on military housing privatization winding down, coping with uncertainty was the theme of the Bond Buyer conference in Washington.

Moody's Investors Service assigned a negative outlook to the Altoona, Pa., Water Authority's $36.4 million of Series 2007 water revenue refunding bonds while affirming the authority's A1 rating.

The New York City Municipal Water Finance Authority sold $662 million of second-resolution, fixed-rate, tax-exempt new-money and refunding bonds in a sale that was upsized from an initial $450 million.

The New York City Regional Economic Development Council is seeking proposals for projects it could recommend as priorities for the second round of New York Gov. Andrew Cuomo's regional council initiative.

Attorneys representing various public-sector employees argue in Rhode Island Superior Court that the reversal of signed contracts was illegally unilateral.

Scranton Mayor Chris Doherty sued the city council, urging a Lackawanna County, Pa., court to force a recovery plan to keep his city from going broke.

Boston has the nation's oldest public transportation system, and the most leveraged. So far, one-shot measures have filled shortfall's but critics complain.