Paul Burton

The New York City Transitional Finance Authority sold $900 million of future tax-secured, fixed-rate new money subordinate bonds on Wednesday. They consisted of $600 million of tax-exempt bonds, $200 million of taxable bonds, and $100 million of taxable qualified school construction bonds.

Fitch Ratings assigned a AA to the Maine Health and Higher Educational Facilities Authority's $37.25 million of Series 2011C revenue bonds, which are expected to sell by negotiation this week.

The Connecticut Housing Finance Authority closed two bond sales on Nov. 3, and was able to make a third through a complicated maneuver.

Landmark pension overhaul legislation cleared Rhode Island's House and Senate finance committees in amended form Thursday night, and the General Assembly is scheduled to vote on the measure, proposed by Gov. Lincoln Chafee and General Treasurer Gina Raimondo, later this week.

When Jackson Laboratory of Bar Harbor, Maine, scuttled plans to establish a research facility in Florida, several other states came banging at the door of the genetics research company. Connecticut won out.

The bond insurer for Harrisburg, Pa.'s troubled incinerator renovation project has rejected a request from the city to forgive $100 million of debt.

Mike Spano will become the next mayor of Yonkers, N.Y., which saw a two-notch downgrade to its bond rating last month.

Rhode Island's House and Senate finance committees are scheduled to meet at 5 p.m. Thursday to consider an amended version of pension-overhaul legislation on the heels of a report that pegs the state's unfunded pension liability at nearly twice what state officials have estimated.

Supervisors and workers in a signal construction unit at the Metropolitan Transportation Authority's Metro-North Hudson and Harlem commuter train lines have manipulated the payroll system by abusing overtime rules that inflate their salaries and pensions, New York State Comptroller Thomas DiNapoli said in a forensic audit of overtime practices released Wednesday.

Rhode Island's state and local unfunded pension liability is $18 billion - nearly twice what state officials estimate - according to an Arlington, Va., think tank.

The attorney representing the Harrisburg, Pa., City Council in its bankruptcy filing said his endgame is to pay bondholders in full.

Voters in Cumberland County, Maine, Tuesday will vote on a 25-year, $33 million bond plan to renovate the Cumberland County Civic Center in Portland.

Retired police officers and firefighters, and unions representing municipal employees in Central Falls, have filed objections in federal bankruptcy court to Rhode Island-appointed receiver Robert Flanders’ plan to change their pensions and contracts.

Pennsylvania Sen. Jeffrey Piccola, who in the past year has sponsored legislation to put Harrisburg under state control and restrict its bankruptcy options, may no longer have parts of the capital city in his district.

Standard & Poor’s raised the long-term rating to AA-minus from A on the Union County Utilities Authority’s Series 1998A senior lease revenue bonds and Series 1998 taxable solid-waste landfill revenue bonds.

The New Jersey Sports and Exposition Authority has approved proposals for the American Dream-Meadowlands project, formerly known as Xanadu.

Moody’s Investors Service downgraded Saints Medical Center of Lowell to Caa1 from B1 after it and the for-profit Steward Health Care System of Boston ended their merger discussions.

Waldoboro citizens will vote Tuesday on the proposed refinancing of $1.15 million of water department bonds.

State Treasurer Denise Nappier has been inducted into the Connecticut Women’s Hall of Fame.

Pennsylvania’s Department of Community and Economic Development on Thursday released an action plan for Harrisburg, as a follow-up to Gov. Tom Corbett’s Oct. 24 declaration of fiscal emergency in the capital city.