Tonya Chin

New York’s tax collections through February were ahead of projections, state Comptroller Thomas DiNapoli said after releasing the monthly cash report for February.

New York State comptroller Thomas DiNapoli is conducting an audit of the city of Long Beach, which declared a fiscal emergency last month and faces a $10.25 million deficit.

The Port Authority of New York and New Jersey is aggressively going after uncollected toll revenue, filing 14 civil suits on Tuesday against what it calls the most egregious toll violators.

In a rare debt structure, 7 World Trade Center II, LLC, a special-purpose entity, will secure two loans to refund $475 million of Series A and B Liberty revenue bonds, which helped finance the construction of floors 10 through 52 of 7 World Trade Center.

Moody's Investors Service upgraded a long-term letter-of-credit backed rating to Aa2 from A1 and confirmed the short-term VMIG 1 rating of the Vermont Student Assistance Corp.'s education loan senior revenue bonds, Series 2008C-1 and C-2.

Moody's Investors Service affirmed the A1 rating on Jackson Laboratory's fixed-rate series 2007 revenue bonds, issued through the Association of Bay Area Governments Finance Authority for Nonprofit Corporations, with a stable outlook.

New York City's fiscal condition continues to improve, but remains at risk for deficits because it has relied on nonrecurring resources to balance its budget, New York State Comptroller Thomas DiNapoli said in an annual report on the city's fiscal plan.

Standard & Poor's changed St. Peter's Hospital’s outlook to positive from stable, citing immediate benefits from the Albany hospital's recent merger.

The Dormitory Authority of the State of New York is scheduled to sell $205 million of new-money and refunding bonds for New York University this week, following a one-day retail order period. Bank of America Merrill Lynch is the lead underwriter.

Moody's Investors Service affirmed the A1 rating on the township of Little Egg Harbor's general obligation bonds, affecting $13.4 million of outstanding parity debt obligations.

Moody's Investors Service revised Collingswood's rating direction to uncertain from downgrade review, but maintained its Ba1 junk-bond rating on $28 million of outstanding long-term general obligation debt.

In the largest municipal bond sale thus far in 2012, Puerto Rico sold $2.3 billion of its public improvement refunding bonds, upsized from an expected $1.5 billion priced ahead of schedule.

Fitch Ratings downgraded Chester Community Charter School’s revenue bonds to BB from BBB, bringing the Pennsylvania school’s rating to below investment grade.

New York Gov. Andrew Cuomo and the Legislature reached a general consensus on the coming year’s forecasted state revenues.

The Maine Municipal Bond Bank is expected to sell about $17 million of sewer and water revenue refunding bonds under its wastewater state-revolving fund program on March 19.

The state of Vermont is expected to bring to market a four-series $135.6 million general obligation offering next week in two parts.

After receiving rating upgrades from Standard & Poor's, the Maine Turnpike Authority is set for its negotiated sale on Monday of $68.8 million of Series 2012A turnpike revenue bonds and $70 million of Series 2012B revenue refunding bonds.

New York Gov. Andrew Cuomo has launched a surety bond assistance program that is designed to help minority and women-owned businesses, or MWBEs, secure surety bonds and state contracts.

The Englewood Cliffs Board of Adjustment’s approval of plans to build a new LG Electronics headquarters is a credit positive for the New Jersey borough, according to Moody’s Investors Service.