Paul Burton

New York Gov. Andrew Cuomo nominated former state transportation commissioner Thomas Madison as executive director of the New York State Thruway Authority, subject to Senate confirmation.

Fitch Ratings has affirmed its long-term triple-A rating on Dartmouth College bonds issued by the New Hampshire Health and Education Facilities Authority, while assigning a stable outlook.

The Salem City Council will reconvene Sept. 8 to give second and final approval to two bond issues.

When Rhode Island sold $169 million of general obligation bonds on Wednesday after a two-day retail period, two words echoed amid huge jumps in yield: Central Falls.

Mayor Linda Thompson implored Harrisburg City Council members to approve her financial recovery plan, which will go before the council for a final vote at a special legislative session next Wednesday.

The Regional Economic Development Council in New York City held its first meeting on Tuesday, as part of New York Gov. Andrew Cuomo's initiative to attract and retain businesses and jobs.

Another downgrade hit Rhode Island as Moody's Investors Service lowered its rating to A2 from A1 on the Rhode Island Economic Development Corp.'s motor fuel-tax revenue bonds, affecting $77 million of outstanding debt.

A week of noise involving unions and commuters ended quietly in a Manhattan conference room on Friday, when the Port Authority of New York and New Jersey board of commissioners approved a set of toll and fare increases that the states' governors modified.

Berklee College of Music is planning a $90 million bond sale to help finance construction of a performance center, dormitory and dining hall at its main Boston campus.

Fitch Ratings placed all outstanding notes of the Vermont Student Assistance Corp. 1995 bond resolution on negative rating watch.

Moody’s Investors Service has placed the Baa1 rating on Lackawanna County’s $232 million of outstanding general obligation bonds under review for possible downgrade.

The Allegheny County Sanitary Authority sold $92.2 million of tax-exempt refunding Series 2001 sewer revenue bonds on Wednesday.

Harrisburg’s City Council will vote on its latest financial receiver proposal at an Aug. 31 special legislative session.

The Empire State Development Corp.’s board of directors approved funding totaling $11.1 million last week, leveraging more than $354 million in investment across New York State.

Moody’s Investors Service has assigned a stable rating to Rensselaer Polytechnic Institute, two weeks before the nation’s largest technological research university plans to remarket its Series 2002E bonds as fixed rate, and sell $40 million of taxable debt through a private placement.

Upper Township employees had an alternative after voters rejected a proposed $9.5 million bond referendum to repair primary and middle schools: They made the fixes themselves.

Gov. Dannel Malloy has announced the members of a new task force that will review the effectiveness of Connecticut’s education cost-sharing grants and how it relates to state constitutional requirements.

The Port Authority of New York and New Jersey’s board of commissioners cited the need to maintain a high bond rating Friday morning in approving a set of toll and fare hikes for the region after the states’ governors softened the blow.

Eight of every 10 financial managers polled in a survey of state government chief financial officers and their peers say recent and future budget cuts will produce new kinds of risks.

New York's surplus has evaporated, state Comptroller Thomas DiNapoli said in a report for July that his office issued on Wednesday.