Paul Burton

As discussion intensifies about drilling for natural gas in the Marcellus Shale region spanning four eastern states, a major talking point is suitable compensation for the counties and municipalities where drilling takes place.

Nassau County, N.Y.'s state-appointed financial overseer sent the county back to the drawing board.

Republicans in New York City's Queens and Brooklyn boroughs nominated retired cable television executive Bob Turner to face Democrat David Weprin for the Ninth Congressional District seat vacated by Anthony Weiner.

Moody's Investors Service, citing massive cuts in fiscal 2012 state aid to affected New Jersey cities, placed six municipalities on review for possible downgrade.

Massachusetts Attorney General Martha Coakley has asked a bankruptcy judge to review the proposed $38 million sale of Quincy Medical Center Inc. to Steward Health Care System LLC.

The coffers of a land conservation program are empty because they rely on voter-approved bonds and no such proposals are scheduled on Maine's ballots this year.

A bonding authority that oversees Connecticut's six state-owned airports, including the flagship Bradley International Airport in Windsor Locks, is up and running.

Moody's Investors Service has revised New Haven's outlook to negative as it prepares to sell $44.5 million of Series 2011B general obligation bonds on Wednesday.

Connecticut plans to eliminate 6,560 positions to fill a $1.6 billion budget gap and bring its two-year, $40.5 billion budget into balance, Gov. Dannel Malloy announced.

Gov. Lincoln Chafee has signed a bill requiring Rhode Island municipalities to guarantee that lenders get first rights to property taxes and general revenue, should the government entity file bankruptcy.

Gov. Andrew Cuomo on Wednesday vetoed a bill that would have allowed school districts in New York State to issue new debt to cover pension payments.

Harrisburg's City Council will hold a special legislative session at 6 p.m. Tuesday to accept or reject a proposed financial recovery plan for Pennsylvania's capital city, which is saddled with $220 million of bonds outstanding on its incinerator.

New York City on Tuesday announced details of its upcoming $775 million sale of taxable and tax-exempt new-money general obligation bonds, which it plans to issue in three subseries.

The Dormitory Authority of the State of New York plans to issue $762.7 million of general-purpose personal income tax revenue bonds Wednesday through negotiated bid.

Gov, Deval Patrick on Monday signed Massachusetts' $30.6 billion budget, 11 days into the new fiscal year.

While the final version of Harrisburg's financial recovery plan, released Friday, made no changes that addresses the incinerator-related debt that triggered its financial crisis, it made several adjustments regarding the structural deficit of Pennsylvania's capital city.

But while New York Gov. Andrew Cuomo has received accolades for the property-tax cap — one of several political victories early in his first year in office — questions linger about its effect on counties, municipalities, and school districts.

Legislation intended to give the City Council of Central Falls and any other community that lands in receivership a greater say in decision-making is headed to Gov. Lincoln Chafee's desk.

Fitch Ratings has placed on watch the BB-minus rating on $747.7 million of Series 2007A revenue bonds issued by the Allegheny County Hospital Development Authority on behalf of the West Penn Allegheny Health System of Pittsburgh.

The Democratic Party in New York has nominated Assemblyman and municipal bond banker David Weprin to fill the congressional seat vacated by Anthony Weiner.