Paul Burton

Standard & Poor's lowered its outlook to negative from stable on bonds issued for the New York Mets' ballpark, Citi Field, affecting $695.4 million of debt.

Pennsylvania, when its lawmakers convene next week, looks to become the latest state to consider issuing bonds to pay for billions of dollars in debt related to unemployment benefits.

East Providence, R.I., has received another multi-notch downgrade, this time from Standard & Poor's, which lowered the city's long-term general obligation rating three levels to a junk-status BB-plus from BBB-plus.

New Jersey Gov. Chris Christie's signing of a measure restoring $139 of transitional aid to 11 stressed municipalities has prompted Moody's Investors Service to confirm the general obligation ratings of five and remove them from review for downgrade.

The Vermont Municipal Bond Bank refinanced debt through two series that it said helped 53 municipalities and school districts save nearly $6 million in future debt service payments.

Harrisburg has finally completed its financial audit for 2009, but the Harrisburg Authority is far from happy.

Nassau County's financial oversight board has asked New York State Comptroller Thomas DiNapoli to audit the county's procedures for contract approvals and vendor payments.

Harrisburg's City Council is appealing a federal judge's rejection of an earlier appeal looking to overturn the nullification of its bankruptcy filing.

Citing a worsening revenue outlook, the board of New York's Metropolitan Transportation Authority voted against restoring $20 million in bus and subway service cuts for fiscal 2012.

East Providence, R.I., officials are upset over Gov. Lincoln Chafee's appointment of a five-member commission to oversee the city's finances.

Cornell University's plans to establish an applied-sciences engineering campus in New York City should enhance the school in the big picture despite anticipated credit risks in the short-to-medium term, according to a major rating agency.

Former Maine Turnpike Authority executive director Paul Violette has settled a civil lawsuit over allegations that he used agency funds for personal benefit, agreeing along with two surety bonding providers to pay back damages totaling $430,000.

Moody's Investors Service on Tuesday dropped Long Beach, N.Y.'s general obligation rating five notches to Baa3 from A1, and placed the rating on review for a possible further downgrade.

Moody's Investors Service on Tuesday dropped Long Beach, N.Y.'s general obligation rating five notches to Baa3 from A1, and placed the rating on review for a possible further downgrade.

Rhode Island took a big step financially last month, passing a law to overhaul its public pension system, but its local governments face heightened credit pressure and possibly more ratings downgrades in 2012, according to Moody's Investors Service.

Rhode Island wants to put tolls on a stretch of Interstate 95 near the Connecticut border in a story that resonates beyond the nation's smallest state and its neighbors.

Moody’s Investors Service has corrected its outlook to negative from stable on Montgomery County’s Aaa bond rating.

Three upstate regions and Long Island received more than $100 million apiece under New York Gov. Andrew Cuomo’s regional economic development council initiative.

Massachusetts Treasurer Steven Grossman, Administration and Finance Secretary Jay Gonzalez and Comptroller Martin Benison announced the unveiling of the the state’s Open Checkbook website.

Looking to borrow money at a better interest rate, a nonprofit retirement community has asked Rockland for a municipal revenue bond to build a $7 million, 24-unit extension.