Massachusetts

The Massachusetts Bay Transportation Authority — the transit system that serves Greater Boston — is staring at a $118 million gap for fiscal 2014, which begins July 1.

Massachusetts Treasurer Steven Grossman announced that a bond refinancing his office closed Tuesday will save the commonwealth more than $4 million in fiscal 2014.

The Massachusetts School Building Authority will sell $500 million of senior dedicated sales tax bonds through negotiation, one week after a Moody's downgrade.

Massachusetts' $1.1 billion general obligation bond sale will include $100 million "green bonds" for environmentally sensitive infrastructure projects.

A former investment banker at Goldman, Sachs, & Co. has agreed to pay a $100,000 fine and be barred from the securities industry for five years for his involvement in a pay to play scheme involving a Massachusetts gubernatorial candidate.

Timothy Murray will resign as Massachusetts lieutenant governor to become chief executive of the Worcester Regional Chamber of Commerce, he said Wednesday.

The Massachusetts Water Pollution Abatement Trust realized record-low borrowing costs for two bond sales totaling $202 million, state Treasurer Steven Grossman said.

Williams College will go to market with a $154 million negotiated sale of Series 2013P revenue bonds through the Massachusetts Development Finance Agency.

The Massachusetts Water Pollution Abatement Trust announced the approval of more than $6 million in principal forgiveness grants on 20 water infrastructure loans.

The National Federation of Municipal Analysts honored Massachusetts with its industry contribution award for an investor web site it introduced two months ago.

Massachusetts Treasurer Steven Grossman appointed Akash Deep and Philip Shapiro to the new Massachusetts capital debt affordability committee.

The Massachusetts Gaming Commission voted to open the southeastern casino region to commercial developers and left the door open to local Indians.

Massachusetts has adopted more rigorous guidelines for bond refundings that state officials say will enable them to better gauge opportunities for such deals.

The Massachusetts Water Pollution Abatement Trust maintained its triple-A rating from all three major credit rating agencies in advance of its $205 million sale.

The Massachusetts House of Representatives has passed a $500 million transportation bill that would, among other things, shore up a struggling Massachusetts Bay Transportation Authority.

The Massachusetts House debated an alternative transportation and education financing bill one-fourth the size of what Gov. Deval Patrick has proposed.

The Massachusetts Housing Finance Agency appointed five persons to senior management positions, executive director Thomas Gleason announced.

Gov. Deval Patrick's administration, acting on a provision of the 2009 Massachusetts transportation overhaul law, has named a panel to explore P3 deals.

Massachusetts unveiled its tech-friendly www.massbondholder.com web site two days before its $525 million general obligation bond sale.

Massachusetts Gov. Deval Patrick's far-reaching transportation funding overhaul proposal would restructure the state tax system in an effort to add new transit service and bring older systems up to date.