Paul Burton

The Port Authority of New York and New Jersey plans a $400 million sale of new money and refunding bonds by competitive bid on Wednesday.

The Massachusetts School Building Authority plans a $600 million sale of Series 2011B senior dedicated sales tax bonds through negotiated bid on Thursday after a one-day retail order period.

Pennsylvania Gov. Tom Corbett late Monday declared a fiscal emergency in Harrisburg, calling the move necessary to ensure maintenance of vital municipal services.

New York City's defined-benefit pension plans can deliver the same retirement income at a nearly 40% lower cost than a 401(k)-type individual account, according to a report.

Rhode Island, the nation's smallest state, has a big problem - unfunded pensions. And it's not alone.

Puerto Rico said its general fund expenditures for the third quarter of fiscal 2012 were $1.86 billion, 1% below amounts budgeted.

Standard & Poor’s lowered its long-term rating on the Philadelphia Hospitals and Higher Education Facilities Authority’s revenue bonds, issued for Temple University Health System, to BBB-minus from BBB.

Pennsylvania completed an $811.6 million general obligation bond sale on Tuesday, obtaining what Budget Secretary Charles Zogby called one of the state’s lowest interest rates ever.

Moody’s Investors Service has placed the Ba3 rating on the Harrisburg Parking Authority’s $18 million of outstanding guaranteed Series 2007T revenue bonds on review for possible downgrade.

All governmental funds tax collections for the first half of New York State’s 2011-12 fiscal year rose 12.6% from the same period last year, but were $391.9 million less than updated financial plan projections, according to the September 2011 cash report released by Comptroller Thomas DiNapoli.

The New York City Mayor’s Office of Management and Budget, the Comptroller’s Office, and three of the city’s financing entities have announced the selection of financial, pricing, investment and swap advisors.

Standard & Poor’s assigned its A long-term rating to the Massachusetts Development Finance Agency’s Series 2011 bonds issued for Clark University and affirmed the underlying A on outstanding bonds issued for the university by the agency.

Connecticut’s treasurer called the state’s $900,000 settlement with the three rating agencies a major step forward.

New York Gov. Andrew Cuomo on Thursday named Madison Square Garden executive and former New York City deputy mayor Joseph Lhota to succeed Jay Walder as the chairman and chief executive of the Metropolitan Transportation Authority.

Pennsylvania Gov. Tom Corbett on Thursday signed legislation authorizing the state to declare a fiscal emergency in Harrisburg and appoint a receiver to implement a recovery plan.

The Port Authority of New York and New Jersey’s Board of Commissioners on Thursday confirmed New York Gov. Andrew Cuomo’s nomination of Patrick Foye as executive director.

Pennsylvania's House Wednesday passed a bill that would allow Gov. Tom Corbett to declare a state of fiscal emergency in the capital, Harrisburg, and appoint a receiver to run its finances.

New Hampshire plans to sell $100 million of general obligation capital improvement bonds Thursday through competitive bid.

Pennsylvania's Senate on Tuesday afternoon approved a bill to put its capital, Harrisburg, into receivership.

Rhode Island's General Assembly was scheduled to meet late Tuesday afternoon in special session to consider overhauling the state's pension system.