Paul Burton

Rhode Island's General Assembly has sent two resolutions to Gov. Lincoln Chafee approving plans of the Rhode Island Economic Development Corp. to issue $7.5 million of bonds for maintenance dredging at Port of Davisville in North Kingstown.

Shortly after embattled video game company 38 Studios LLC, filed for Chapter 7 bankruptcy protection on Thursday afternoon, Rhode Island officials were studying the effect on their financial picture and bond rating.

New York City stands to gain more than $100 million in additional funds to help close its fiscal 2013 budget gap, city Comptroller John Liu said Wednesday.

Pennsylvania's House of Representatives on Wednesday passed a bill allowing the state to borrow up to $4.5 billion in a bond issue to pay off lingering unemployment compensation debt.

The Massachusetts Bay Transportation Authority plans a $415.6 million sale of Series 2012A assessment bonds on Thursday, after a one-day retail period.

Central Falls, R.I., which is on the verge of exiting bankruptcy, would experience modest gains under its five-year budget plan.

Pennsylvania's Department of Community and Economic Development on Monday named law firm Stevens & Lee the recovery plan coordinator for Altoona.

Kroll Bond Rating Agency Inc., which two months ago issued its first state rating when it ranked Connecticut, went back to that state Monday to continue its municipal finance buildout.

Deloitte LLP will work with Braver PC in a forensic audit of 38 Studios LLC, the struggling video-game company owned by former Boston Red Sox pitcher Curt Schilling, Rhode Island Gov. Lincoln Chafee announced.

Moody’s Investors Service upgraded the Pittsburgh and Allegheny County Sports and Exhibition Authority’s $138.8 million of 2010 hotel-room excise tax revenue bonds to A2 from Baa1.

While still opposing any bankruptcy filing by her own city, Harrisburg Mayor Linda Thompson said she would object to any extension of the Pennsylvania law that limits cities of Harrisburg’s size from a Chapter 9 filing.

The board of New York’s Metropolitan Transportation Authority has added TD Securities to its approved pool of variable-rate remarketing agents and dealers, after the MTA’s finance committee signed off on the move.

Christine Shaw has become Connecticut’s deputy treasurer, Treasurer Denise Nappier announced.

Providence, R.I., Mayor Angel Taveras wasn’t taking any victory laps, despite the upbeat tone of last week’s announcement of a tentative landmark deal with major unions in Rhode Island’s capital city to reduce pension and health care benefits.

The Scranton, Pa., Parking Authority went officially into default on Friday after the City Council Thursday turned down a request to pay $940,000 from a contingency account for a loan payment.

A willingness to talk and a sense of urgency prompted Providence and three major unions to agree on pension and health care benefit reductions, according to financial observers.

The New York City Transitional Finance Authority plans a $1 billion sale of fixed-rate future tax-secured subordinate new-money bonds next week, beginning with a two-day retail period that starts Monday.

Providence, R.I., Mayor Angel Taveras, who last year likened his city’s finances to a Category 5 hurricane, sees a horizon after announcing a tentative agreement with three major unions over cuts in pension benefits, a compromise he expects will avert a long legal fight and keep Rhode Island’s capital out of bankruptcy court.

Scranton, Pa.'s City Council is willing to allocate $940,000 from a contingency fund to the Scranton Parking Authority to avoid the agency’s default, but wants its officials to answer questions at a public caucus Thursday night.

Acting on a city request, Rhode Island officials appointed a five-member budget commission to oversee the finances of 44,000-population Woonsocket, whose school system’s deficit could worsen to $10 million if state lawmakers don't approve a supplemental tax levy.