Massachusetts

Massachusetts Treasurer Steven Grossman hired Marvin Venay as deputy director of governmental affairs.

Ample cash reserves enabled Boston to offset sluggish growth in revenue relative to expenditures in recent years, according to Morningstar.

Boston would receive $32 million to $52 million annually under an agreement with Caesars Entertainment for a $1 billion casino complex at Suffolk Downs racetrack, Mayor Thomas Menino said.

The MBTA defused a legal battle over disclosure, but not the controversy, by releasing details of generous payout to retired workers of Boston's transit system.

The Massachusetts Senate passed a $1.4 billion housing bond bill, with a conference committee to reconcile it with a House version and submit to Gov. Deval Patrick.

Boston College has scheduled a $335 million bond sale in two tranches, with proceeds to benefit capital projects. Barclays is the lead manager.

Issuers in the Northeast sold almost $44.3 billion of municipal bonds in the first half of 2013, according to Thomson Reuters data, down more than 25% from the same period a year earlier.

Massachusetts officials urged the state's congressional delegation to reject proposed legislation that they say would threaten funding for water projects.

The Massachusetts Gaming Commission disqualified the owners of Plainridge Racecourse from applying for the state's single slots-parlor license.

Massachusetts will come to market Wednesday with its first borrowing of fiscal 2014, a $600 million competitive sale of general obligation Series E bonds.

MassDevelopment received a $2.4 million federal grant to help charter schools obtain facilities under a credit enhancement program.

Massachusetts lawmakers overrode Gov. Deval Patrick's veto of a $500 million transportation funding bill that will raise the gasoline tax by 3 cents per gallon.

Gov. Deval Patrick promised to veto an $800 million transportation bill the Massachusetts legislature passed, but lawmakers are in position to override it.

Sam Gill joined Edwards Wildman Palmer as a Boston-based public finance associate, the law firm announced. He arrives from Andrews Kurth in Houston.

MassDevelopment, the finance and development arm of Massachusetts, has won the 2013 award for excellence from the Council of Development Finance Agencies.

Massachusetts Gov. Deval Patrick signed a $34 billion budget, but vetoed $417 million while a separate transportation bill remains unresolved with the legislature.

Massachusetts wants investor feedback about a rolling offering of general obligation bonds for retail investors.

Massachusetts lawmakers on Monday sent a $34 billion budget for fiscal 2014 to Gov. Deval Patrick, who has 10 days to review the spending plan.

Fearing sketchy revenue projections, Gov. Deval Patrick has threatened to veto a transportation spending bill that cleared the Massachusetts legislature.

Massachusetts legislative leaders compromised on a transportation bill that would generate $500 million through cigarette and gas tax hikes, and some turnpike toll restoration.