Paul Burton

Connecticut officials reacted angrily Friday after Moody's Investors Service lowered the state's general obligation bond rating to Aa3 from Aa2.

Vermont is triple-A rated, and state auditor Tom Salmon wants to keep it that way — even if a tropical storm named Irene created havoc.

A federal bankruptcy judge’s approval of collective bargaining contracts between bankrupt Central Falls and retired employees is a credit positive for the city, according to Moody’s Investors Service.

Rhode Island General Treasurer Gina Raimondo’s office will host a workshop Tuesday for municipalities with locally administered pension plans in advance of the reporting deadline set by the recently passed Rhode Island Retirement Security Act.

William Rhodes became chairman of the public finance department at Ballard Spahr LLP, the Philadelphia law firm announced.

Philadelphia has lost $331 million in net interest payments and cancellation fees related to swaps, the Pennsylvania Budget and Policy Center wrote in a report.

New York City Comptroller John Liu’s office has launched a website, “MWBE Report Card NYC,” to track how much each city agency spends on minority- and women-owned enterprises. The address is mwbereportcardnyc.com.

Gov. Chris Christie signed a bill legalizing sports betting in New Jersey, but the move would take effect only if a federal ban on such gambling is reversed.

Moody’s Investors Service on Friday downgraded Connecticut’s general obligation bond rating to Aa3 from Aa2, affecting about $14.6 billion in outstanding general obligation bonds.

Rockland County will ask the New York Legislature for authorization to issue up to $80 million of bonds to cover its operating deficit, and to raise its sales tax by three-eighths of 1% to cover those bonds.

There's ample blame for Harrisburg's debt crisis, the operator of the incinerator in Pennsylvania's capital city said in a 133-page forensic investigation report released Wednesday.

Five days after it placed Woonsocket, R.I., on review for downgrade, Moody's Investors Service lowered the city's long-term general obligation rating to Ba2 from Ba1, affecting $225 million of parity debt.

The Port Authority of New York and New Jersey plans to auction $400 million of 171st Series consolidated bonds to support capital projects.

New York Gov. Andrew Cuomo on Tuesday introduced his fiscal 2012-13 executive budget. The $132.5 billion spending plan marks a decrease of $225 million from 2011-12. The recommendations cut the projected four-year deficit by more than half, to $7.4 billion from $16.4 billion.

A bill to provide East Providence a $12.6 million advance on state education aid to prevent it from running out of cash Friday is headed for Rhode Island’s Senate.

Calling it "the most talked-about empty building in the Bronx," New York City Mayor Michael Bloomberg announced on Thursday an initiative to redevelop the site of the Kingsbridge Armory.

Nassau County, N.Y., won a court case last week in a dispute over payment of tax rebates to homeowners, but the county can expect a court challenge.

New York State Comptroller Thomas DiNapoli's office will initiate an audit of Nassau County's contracting procedures, which a state board that oversees the county's finances had requested last month.

Harrisburg's City Council has delayed a vote on overriding mayor Linda Thompson's veto of the $54.3 million annual budget, citing a law that requires a three-day waiting period after the veto.

Dire warnings about the future of the Pennsylvania Turnpike Commission based on a $450 million-per-year infrastructure payment requirement are overstated, according to a research report.