Tonya Chin

New York’s tax collections through October continued to fall below expectations, according to a cash report released by state Comptroller Thomas DiNapoli.

Moody’s Investors Service placed the Aa2 long-term bond ratings of Rutgers, the State University of New Jersey, under review for possible downgrade.

Fitch Ratings affirmed its BBB rating on Peninsula United Methodist Homes Inc., and upgraded the outlook to positive from stable.

In the week's largest deal, the New Jersey Transportation Trust Fund will sell $1.2 billion of bonds to finance various transportation projects in the state.

Charles Schwab announced Monday that it has joined with Piper Jaffray to provide clients access to Piper Jaffray's new issue municipal bonds through Schwab's BondSource® Platform.

Russell Fraser, known in the municipal bond market as the founder of the financial guaranty business, died on Wednesday at the age of 71.

Following a downgrade from Fitch Ratings, Burlington, Vt., is planning to sell $26.4 million of airport refunding revenue bonds this week.

Saratoga Housing Authority’s spending controls are too lax, according to an audit released by New York State Comptroller Thomas DiNapoli.

Westchester County Executive Robert Astorino released a proposed $1.7 billion budget for 2013 that does not raise taxes, marking the third consecutive year that the budget has reduced or kept flat the county’s tax levy.

Long Beach, N.Y., which declared a state of fiscal emergency in February, is now facing additional financial strain after Hurricane Sandy swept through the oceanside city.

The New York State Common Retirement Fund's value increased to $150.1 billion during the second quarter ending Sept. 30, according to Comptroller Thomas DiNapoli.

The Maine Municipal Bond Bank is expected to sell $43 million of double A-rated refunding bonds on Tuesday for an expected net present value savings of 8.2%.

The Dormitory Authority of the State of New York is scheduled to sell $135 million of revenue bonds for the Rochester Institute of Technology on Tuesday.

The city of Philadelphia began the search for a broker to manage its potential sale of the Philadelphia Gas Works, one of the few city-owned gas companies in the United States.

Increased economic development and better long-term financial planning point to signs of progress for Schenectady, according to an audit by New York’s state comptroller, Thomas DiNapoli.

Standard & Poor’s downgraded to AA-minus from AA about $170 million of revenue bonds issued by the Dormitory Authority of the State of New York for Vassar College.

Moody’s Investors Service upgraded the rating on Barnabas Health, N.J., to Baa1 from Baa2, and revised the outlook to stable from positive.

Voter approval of $750 million in New Jersey general obligation bonds to fund university facilities on Nov. 6 is a credit positive for universities, Moody’s Investors Service said.

Mike Hervey, the chief operating officer of the Long Island Power Authority resigned on Tuesday following Gov. Andrew Cuomo's announcement of an investigation into the hurricane response of state power companies.

Hurricane Sandy's financial impact on New Jersey is not likely to affect demand as the state comes to market Thursday with $2.6 billion of notes.