Massachusetts

Working against deeper budget deficit estimates, Massachusetts House and Senate leaders are negotiating a budget for the new fiscal year that will start Friday.

Massachusetts intends to sell about $900 million of bonds as its top lawmakers work on a budget deal that reflects a larger-than-expected revenue shortfall projection.

Much of the funding in Massachusetts’ new five-year, $14.8 billion capital plan goes to transit infrastructure upgrades.

Mesirow Financial has appointed Blake Anderson to a newly-created position leading client portfolio strategy in its institutional sales and trading group.

Massachusetts does not expect to draw on the state's rainy-day budget to fill a $311 million revenue gap for fiscal 2016, a budget official tells investors.

Michael Mulhern will resign as executive director of the embattled $1.6 billion MBTA Retirement Fund, which is under fire for its secretive management,

Massachusetts officials acknowledge a $311 million year-to-date revenue shortfall that could complicate efforts to finalize a state budget.

Former Massachusetts assistant treasurer Colin MacNaught has launched tech company BondLink to help muni issuers manage debt management programs.

Mass. Gov. Charles Baker released a $4 billion capital plan for Fiscal Year 2017 that includes a $2.19 billion cap on general obligation bond issuance, a 3% increase over the previous fiscal year.

The Massachusetts Bay Transportation Authority will terminate five legacy interest-rate swaps after receiving approval to do so from its two governing boards.