Paul Burton

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.

New York City reported a $5 million surplus in its general fund for the 31st straight year, but warning signs hover, Comptroller John Liu said in his annual analysis of the city's finances.

An arbitration award that ends minimum staffing levels for firefighters could save Bethlehem, Pa., about $1 million annually, according to the city's mayor.

Financially strapped Harrisburg wants all sides, including bondholders, to make concessions, the mayor of Pennsylvania's capital city said Wednesday.

A bankruptcy judge in Harrisburg said Tuesday that special court approval for payments to vendors is unnecessary in Pennsylvania's capital city.

New York Gov. Andrew Cuomo on Monday announced his appointment of Leecia Eve to deputy secretary for economic development and his recommendation of Gil Quiniones to be president and chief executive of the New York Power Authority, pending legislative approval. Quiniones is currently acting president.