Paul Burton

Providence dropped retired Supreme Court Justice Robert Flanders as an advisor after he said the capital city was headed to bankruptcy court.

The New York City Transitional Finance Authority sold $900 million of future tax-secured, fixed-rate new money subordinate bonds.

The temporary receiver for Harrisburg still hopes Pennsylvania’s capital city can close on the sale of its troubled incinerator and other assets to raise cash by the end of June, a target his predecessor had established.

Pennsylvania's Senate will consider legislation enabling public-private partnerships for bridges and roads when it reconvenes April 30.

The passage of New York’s budget is a credit positive for less affluent school districts struggling to overcome constraints caused by the state’s new 2% cap on annual increases in property tax levies, Moody’s Investors Service said in a report.

New York Comptroller Thomas DiNapoli has appointed Robert Ward as deputy comptroller of budget and policy analysis.

Susan Perez is the new executive director of the Massachusetts Water Pollution Abatement Trust, state Treasurer Steven Grossman announced.

Suffolk County, N.Y., Executive Steve Bellone, looking to close a massive budget gap of up to $530 million, said Monday he has forged an agreement with legislators that includes changing how the eastern Long Island county pays pension benefits.

Former Massachusetts Treasurer and gubernatorial candidate Timothy Cahill was indicted Monday by a grand jury that alleged fraud and conspiracy connected with $1.5 million in taxpayer-financed lottery advertisements during his 2010 run for governor, state Attorney General Martha Coakley announced.

David Unkovic quit as the state-appointed receiver for Harrisburg, Pa., because he found himself "in an untenable position in the political and ethical crosswinds," he said in his resignation letter, which the Commonwealth Court of Pennsylvania released Monday.

They may not have headline-grabbing white elephant incinerators or sewer systems entangled in incomprehensible derivatives, but many local governments face mounting strain from another, quiet source they all share — workforce costs.

Harrisburg has named Ricardo Mendez-Saldivia business administrator and chief of staff, Mayor Linda Thompson announced Friday.

New York's Metropolitan Transportation Authority has purchased 300 new rail cars for $600 million.

The Fair Lawn, N.J., Board of Education expects to refund its bonds and take advantage of lower interest rates.

Connecticut is the first public-sector issuer to receive a rating from Kroll Bond Ratings, state Treasurer Denise Nappier announced.

In the latest dramatic twist to the incinerator debt saga in Harrisburg, Pa., David Unkovic quit Friday as the city's state-appointed receiver.

Harrisburg, Pa.'s state-appointed receiver has asked the U.S. attorney and Pennsylvania attorney general to examine the incinerator bond deals that left the capital city with more than $300 million of debt that it can't repay.

Pension overhaul will save New York City less money in the next few years than had been expected, according to a new analysis.

Nancy Winkler recalled speaking with an investor, shortly after taking over as Philadelphia's city treasurer. The conversation, she said, is an effective warning that cities on the rebound must sell themselves effectively to investors.

While the municipal bond market is still strong, experts agree that increasing local financial strain makes the landscape more complex.