Paul Burton

While Moody's Investors Service cited multiple years of operational decline and three additional fiscal years of budget gaps in giving Yonkers, N.Y., a multi-notch downgrade, a spokesman for the city also blamed a new state law.

The Philadelphia Hospitals and Higher Education Facilities Authority will negotiate a $270 million sale of tax-exempt, fixed-rate bonds Thursday to benefit the Children's Hospital of Philadelphia project.

Moody's Investors Service late Tuesday placed the Ba1 rating for Harrisburg Authority's $69.4 million of Series 2008 water refunding bonds under review for possible downgrade.

Gov. Tom Corbett on Monday announced his plans to implement numerous recommendations of a transportation advisory panel, which include allowing counties to impose an impact fee to help pay for regulating gas drilling and fix environmental damages in Pennsylvania.

The Dormitory Authority of the State of New York plans to sell $515.6 million of general-purpose state personal income tax revenue bonds Tuesday through competitive bid.

Bond banking, law, and government all decorate Mark Schwartz's resume. "I have a tripolar background," he said.

Gov. Peter Shumlin and other Vermont officials outlined a plan to make short- and long-term financing available to towns damaged by Hurricane Irene.

Standard & Poor’s revised its outlook to stable from negative and affirmed its BB-minus rating on the Rhode Island Health and Educational Building Corp.’s remaining $12.7 million series 1998 revenue bonds, issued for Roger Williams Medical Center.

The Pennsylvania Senate’s top Republican wants an impact fee on companies that drill for natural gas in the Marcellus Shale region and he wants it soon.

The City Council in financially strapped Harrisburg is considering a series of bills to increase parking revenue.

Standard & Poor’s raised its rating on Cortland, N.Y.’s general obligation debt to BBB-plus from BBB, based on its assessment of the city’s estimated performance for fiscal 2010, coupled with structural changes.

The Port Authority of New York and New Jersey Board of Commissioners advanced a capacity planning study that will deal with the five airports under its jurisdiction.

New York City sold $739 million of taxable and tax-exempt new money and reoffered general obligation bonds last week.

Standard & Poor’s raised its underlying rating on various bonds issued by the New Jersey Health Care Facilities Financing Authority for Saint Barnabas Corp. to BBB from BBB-minus.

Connecticut Gov. Dannel Malloy will host an economic summit on Thursday with an eye toward legislative proposals for a special session of the General Assembly on Oct. 26.

NEWARK, N.J. - While New Jersey overhauled its retirement plans and health care options this year, much work is still undone, the state's treasurer said Friday.

Moody's Investors Service late Thursday downgraded the general obligation rating of North Providence, R.I., to Baa2 from Baa1. The outlook remains negative.

While Pennsylvania lawmakers are crafting a state takeover of Harrisburg, officials in the financially strapped capital aren't giving up control without a fight.

The capital program is the "front and center challenge" for New York's Metropolitan Transportation Authority, outgoing chairman Jay Walder said Wednesday.

Moody’s Investors Service late Wednesday downgraded the bond rating of St. Joseph Health Services of Rhode Island to Caa1 from B2, and plans to keep it on watch list for possible downgrade.