Paul Burton

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.

Connecticut will receive a credit of about $900,000 from the three major rating agencies as part of a settlement from a lawsuit it initiated, accusing the three of unfairly lowering ratings.

A judge on Monday placed the Chapter 9 bankruptcy filing by Harrisburg's City Council on hold for a month, while a few blocks away in Pennsylvania's capital, lawmakers continued their push for a state takeover of the struggling city.

The Hudson Yards Infrastructure Corp. plans a $1 billion sale of senior revenue bonds through negotiated bid Wednesday after a one-day retail period, primarily to fund the extension of New York City's No. 7 subway line.

In 2003, the City Council in Harrisburg, Pa., voted 6 to 1 for a $125 million loan to fix up its local incinerator, formally known as the Resource Recovery Facility.

A $50 million housing issue that voters approved in 2006 has led to the development of more than 1,200 homes in Rhode Island, an advocacy group said.