Paul Burton

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.

Standard & Poor’s removed the Connecticut Housing Finance Authority’s mortgage finance bonds from its watch list and assigned a stable outlook.

The failed EnCap proposal for luxury housing and golf courses on a Bergen County landfill has cost Lyndhurst, N.J., a three-notch downgrade from Moody's Investors Service that affects $53.5 million of long-term debt.

New York City's economy faces severe risks from the European debt crisis, city Comptroller John Liu and New York State Comptroller Thomas DiNapoli said in separate reports on Thursday.

A federal judge late Tuesday afternoon denied an appeal by the Harrisburg, Pa., City Council of a ruling that invalidated its bankruptcy filing.

Two years ago, when Gina Raimondo was deciding to run for Rhode Island general treasurer, she saw a newspaper article about budget cuts affecting libraries in Providence and Cranston and bus service on nights and weekends.

The New York Mets confirmed that they have taken out a $40 million bridge loan with the approval of Major League Baseball.

The Harrisburg City Council will appeal a federal judge's ruling that invalidated the bankruptcy filing of Pennsylvania's capital city, according to its attorney.

Moody's Investors Service late Monday downgraded the general obligation bond rating of East Providence, R.I., three notches to Ba1 from Baa1, affecting about $22.4 million of outstanding debt.

Pension overhaul in Rhode Island has prompted the municipal finance advisor PFM Group to open an office in Providence.

Dana Levenson jumped at the chance to be chief financial officer of the Massachusetts Department of Transportation.