Tonya Chin

The University of Pennsylvania's chief investment officer Kristin Gilbertson is stepping down after heading the endowment office since 2004.

Rochester, N.Y., is expected to sell $34 million of general obligation bonds in two series this week. Ramirez & Co. is underwriter

The Port Authority of New York and New Jersey authorized a $31.5 million rehabilitation of a taxiway at Newark Liberty International Airport.

New Jersey Gov. Chris Christie said local governments will save $116 million for fiscal year 2013 due to the state's pension reforms.

Fitch Ratings downgraded $2.8 billion of Philadelphia School District and Pennsylvania School Building Authority bonds to BBB-minus ahead of a $300 million deficit bond sale.

Westchester County is expected to sell $76 million of general obligation bonds in competitive sale on Wednesday to help finance the costs of various capital improvements.

New Jersey's revenue collections for September are up by 3.9% from the same period last year, and revenue for the quarter is up 1.9%, according to recent data from the treasury department.

With successful public-private partnerships under its belt, and more underway, Puerto Rico is leading the way in a market that has been slow to catch on in the United States.

F. John White, managing director and chairman of Public Financial Management Group, was an inaugural recipient of a Fels Institute of Government Leadership Award.

New York State's business tax climate ranks last in the nation according to think-tank the Tax Foundation. New Jersey is second-worst.

The Delaware River Joint Toll Bridge Commission sold bridge system revenue refunding bonds after receiving positive outlooks from Moody's and Standard & Poor's.

In an annual report on the state's finances, New York Comptroller Thomas DiNapoli finds that spending since 2008 has increased by 15%.

The Dormitory Authority of the State of New York is expected to sell $887 million of personal income tax revenue bonds on Thursday.

On Wednesday the Nassau County Interim Finance Authority is expected to sell $313 million of triple-A rated sales tax secured bonds and the Nassau County Local Economic Assistance Corporation is scheduled to sell $132 million of revenue bonds.

The Dormitory Authority of the State of New York is expected to sell about $450 million of mostly refunding bonds this week, starting with $372 million of school district bonds on Tuesday.

Long Beach's approved property tax increase that will raise $1.9 million annually toward narrowing the city's deficit is a credit positive, Moody's Investors Service said.

Philadelphia's non-union employees and supervisors will receive a 2.5% pay raise as part of a new compensation and benefits overhaul package.

The Federal Highway Administration approved New York's plan for a new span to replace the current Tappan Zee bridge.

Moody's Investors Service downgraded to A2 from A1 $8.9 million of general obligation unlimited tax bonds of the Township of Little Falls, N.J.

Fitch Ratings upgraded to BBB-plus from BBB almost $1 billion of debt issued on behalf of Barnabas Health in New Jersey.