Paul Burton

The Hudson Yards Infrastructure Corp. expects to price $1 billion of new- money bonds the week of Oct. 17 to benefit the extension of the No. 7 subway line in New York City’s transit system from its current terminus on Eighth Avenue to the Hudson Yards redevelopment area.

Revenues for the first five months of fiscal 2011-12 are $3.3 billion higher than last year, but remain $75.5 million below projections for an updated financial plan that’s operating on a “razor-thin margin,” according to New York Comptroller Tom DiNapoli’s cash report for August.

Standard & Poor’s raised the rating on Massachusetts qualified bonds to AA from AA-minus, with a stable outlook. The qualified bond program boosts communities with marginal credit ratings by paying their debt service directly from state appropriations.

Standard & Poor’s affirmed its AAA long-term rating on Yale University revenue bonds issued through the Connecticut Health and Educational Facilities Authority, as well as the AAA long-term rating and A-1-plus short-term rating on various long- and short-term debt issued by and for the university.

The state-appointed receiver running Central Falls, R.I., introduced his five-year reorganization plan for the bankrupt city on Thursday.

Navjeet Bal will join law firm Nixon Peabody LLP as counsel on Oct. 3, but the outgoing Massachusetts revenue commissioner is no stranger to private practice, having worked in the public finance group of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC for 17 years.

New York City plans to issue $650 million of new-money general obligation bonds next week, followed by additional transactions in October to restructure its variable-rate portfolio.

For years, John Bonow learned under John White while rising through the ranks at PFM Group.

The Connecticut Health and Educational Facilities Authority plans to sell $260 million of fixed-rate, tax-exempt Series A revenue bonds for Hartford HealthCare Corp. on Thursday, following a one-day retail order period.

Armed with an upgrade, Massachusetts will go to market Wednesday with $475 million of general obligation bonds.

F. John White said Friday that the choice of John H. Bonow to succeed him as chief executive of PFM Group "sends a good signal to the industry."

While Northeast states are still cleaning up and totaling the damage, the recent string of devastating storms has also triggered long-term worries about infrastructure needs, levels of federal funding, and even changing weather patterns.

A member of Puerto Rico's House of Representatives is asking the commonwealth's comptroller’s office to review a $2.4 million contract between the Puerto Rico Public Private Partnerships Authority and law firm Mayer Brown LLP, saying a conflict of interest exists regarding the proposed privatization of Luis Muñoz Marín International Airport.

North Kingstown voters rejected two bond measures while authorizing the sale of a vacant school in a referendum where turnout was low.

The New York City Municipal Water Finance Authority sold $451 million of second-resolution, fixed-rate tax-exempt bonds in its first-ever competitive sale.

Raudline Etienne resigned as chief investment officer of the New York State Common Retirement Fund, a position she has held since March 2008.

Susan Urahn, managing director for the Pew Center on the States, and New Jersey Treasurer Andrew Sidamon-Eristoff will be the keynote speakers at a forum about state pension issues on Sept. 30 at Rutgers University in Newark.

Massachusetts Attorney General Martha Coakley approved the sale of bankrupt nonprofit Quincy Medical Center to for-profit Steward Health Care System LLC, while imposing many conditions.

The Massachusetts Senate approved an overhaul of the state’s pension system on Thursday after a debate that divided majority Democrats uneasy about offending their political base.

Gov. Dannel Malloy has appointed four people to the nascent Connecticut Airport Authority and named Mary Ellen Jones of Glastonbury as the board’s chairwoman.