Ted Phillips

Rhode Island Gov. Donald Carcieri yesterday proposed a $7.5 billion fiscal 2011 all-funds budget that would close a $405 million budget deficit. The proposal would reduce local aid to municipalities sharply to $838.7 million from $1 billion in the enacted budget in the current fiscal year.

The Dormitory Authority of the State of New York could sell bonds to refinance the troubled St. Vincent’s Hospital’s debt, according to a spokesman for Congressman Jerrold Nadler, D-Manhattan.

Goldman, Sachs & Co. has pulled out of a partnership with the Related Cos. to develop the 26-acre East and West Side Rail Yards in Manhattan — also known as the Hudson Yards — the parties confirmed yesterday.

Without tax increases to finance transportation infrastructure, tolling on large portions of the nation’s interstate highway system will be inevitable, Citi managing director Ronald Marino said on Friday.

Rhode Island Gov. Donald Carcieri called on the General Assembly to enact legislation that would give cities control of school budgets in his annual state of the state address last week.

The Buffalo and Rochester school districts “have taken actions” to transfer their allocations of qualified school construction bonds to New York before they expired, state Division of Budget spokesman Matthew Anderson said last week in an e-mail.

New York City Mayor Michael Bloomberg yesterday proposed a $63.6 billion preliminary budget that closes a projected $4.9 billion deficit in fiscal 2011.

World Trade Center developer Silverstein Properties Inc. lost its main argument in an arbitration proceeding against the Port Authority of New York and New Jersey, the two parties announced yesterday.

The Dormitory Authority of the State of New York approved up to $285 million of tax-exempt bonds on behalf of Cornell University at its monthly board meeting yesterday.

Yale University got the green light yesterday to bring $800 million of tax-exempt bonds to market next month, though the offering is expected to be considerably smaller.

Proposed New York State budget cuts would cost New York City $1.3 billion and trigger 19,000 layoffs, Mayor Michael Bloomberg said yesterday at a budget hearing in Albany.

New York’s Metropolitan Transportation Authority hopes to return to deals structured with level debt service when it goes to market next week, its staff said yesterday. The agency plans to sell $650 million of transportation revenue bonds as a mix of tax-exempt bonds and taxable Build America Bonds on Feb. 3.

New York City continues to gush water bonds with a $400 million deal expected to price tomorrow and another $327.1 million next week.

A proposal to allow the Dormitory Authority of the State of New York to sell bonds for charter schools died last week along with proposed legislation to increase the state’s cap on the number of charter schools.

New York’s unemployment rate hit 9% in December, according to seasonally adjusted data released by the state Department of Labor last week.

Connecticut needs to close a $500.5 million deficit in the current fiscal year, according to consensus revenue estimates released last week.

The New York State Thruway Authority authorized up to $1 billion of bonds secured by the state’s second general resolution dedicated highway and bridge trust fund at its monthly board meeting yesterday.

New York City Mayor Michael Bloomberg yesterday called on state lawmakers to protect the city from proposed cuts in the proposed budget. New York Gov. David Paterson on Tuesday proposed cutting $302 million of local aid to the city in his fiscal 2011 executive budget.

New York Gov. David ­Paterson proposed an all-funds $134 billion fiscal 2011 budget yesterday that keeps spending growth below 1%. The proposed budget would close a $7.4 billion deficit primarily through a series of cuts, but also through tax and fee increases.

NEW YORK - New York would sell $5.9 billion of debt to finance capital projects in fiscal 2011, a $233.9 million increase over fiscal 2010, under the executive budget proposed today by Gov. David Paterson.