Paul Burton

New York's Metropolitan Transportation Authority on Wednesday approved a deal surrendering its vacant former downtown Brooklyn headquarters for use by New York University as an applied science center.

Rhode Island saved more than $7 million by refinancing $122.9 million of debt, General Treasurer Gina Raimondo said after Monday's bond issue.

Mayor Angel Taveras' $638.4 million budget proposal for distressed Providence, R.I., hinges on two large variables: court or union approval of pension overhaul at the local level and greater contributions in lieu of taxes from nonprofit agencies.

Merging its parking authority with other municipal agencies could save distressed Yonkers, N.Y., about $2.7 million over a four-year financial plan, according to a report.

Three defense attorneys in the municipal bond bid-rigging trial grilled a key government witness on Tuesday, looking to raise doubts about his memory and credibility.

The judge overseeing the municipal bond bid-rigging trial in New York on Monday rejected a defense motion for a mistrial.

New York Gov. Andrew Cuomo on Monday nominated his predecessor, David Paterson, for the board of the Metropolitan Transportation Authority, subject to Senate approval.

Cities, counties and states continue to struggle with unfunded pension liabilities, prompting the question of whether pension obligations represent debt or values.

Rhode Island Gov. Lincoln Chafee announced that director of policy Brian M. Daniels has agreed to lead the state’s performance management initiative, working with departments and agencies to encourage data-driven decision making.

New York Gov. Andrew Cuomo has announced a $17.1 million investment for New York Works projects that will call for 31 flood-control systems and dam repair projects in western New York.

Dauphin County, Pa., has sued for reimbursement of fees and court costs from attorney Mark Schwartz, who is appealing the rejection of the Harrisburg City Council’s bankruptcy filing.

Another former executive of brokerage CDR Financial Products Inc. — the third such government witness in the municipal bond bid-rigging trial in Manhattan — testified Thursday that he manipulated bids to obtain contracts for former executives of General Electric Co. subsidiaries.

The tale of the tape continued Wednesday in the municipal bond bid-rigging trial in Manhattan, as prosecutors, interspersing audio tapes and transcripts with bid documents, called to the stand another former employee of brokerage CDR Financial Services, seeking to establish a pattern of fraud by three former executives of General Electric Co. subsidiaries.

The tale of the tape continued Wednesday in the municipal bond bid-rigging trial in Manhattan, as prosecutors, interspersing audio tapes and transcripts with bid documents, called to the stand another former employee of brokerage CDR Financial Services, seeking to establish a pattern of fraud by three former executives of General Electric Co. subsidiaries.

A former senior vice president at brokerage CDR Financial Products Inc. faced intense questioning from both the prosecution and the defense in the second day of a municipal bond bid-rigging trial in New York.

The federal prosecutors in a municipal bond bid-rigging trial that began in New York accused three executives of fraud that cost cities and towns, and the IRS, millions of dollars.

Pennsylvania plans to sell $950 million of general obligation bonds by competitive sale on Tuesday.

The prosecutors in a municipal bond bid-rigging trial that began in New York on Monday accused three executives of fraud that cost cities and towns, and the Internal Revenue Service millions of dollars.

Pennsylvania plans to sell $950 million in general obligation bonds by competitive sale on Tuesday.

Massachusetts' request for qualifications for public finance investment banking and underwriting services — its first in four years to pre-qualify banks to use in negotiated sales — has elicited widespread responses, state Treasury officials say.