New Hampshire

The City Council voted unanimously to allow city officials to bond out as much as $3 million more to pay for cost overruns of what is now Portsmouth's $26.2 million second municipal parking garage.

Costly mandates and aging infrastructure are among the challenges S&P cited.

PORTSMOUTH, N.H. -- City Manager John Bohenko will ask the City Council for an additional $3 million in July to complete the city's downtown parking garage project, bringing the total bonding cost to $26.2 million.

NEWMARKET, N.H. -- An assistant attorney general has found the Newmarket School District in violation of electioneering laws in relation to the $38.9 million bond approved by voters in March to renovate the Junior-Senior High School. The complainant said he is "undecided" on whether he will take further action regarding the vote.

ROCHESTER, N.H. -- City Councilors voted 10-2 Tuesday night to approve a $4.8 million bond for upgrades to Rochester's career technical center.

Eight northeast issuers with a combined $382.3 million in debt have been placed on review by Moody's Investors Service.

Two large bond proposition approved in Philadelphia and Maine highlighted a busy Election Day in the Northeast region.

New Hampshire's Dartmouth-Hitchcock Obligated Group received a one notch downgrade from one rating agency while another placed it on watch with negative implications.

Northeast issuers sold $57.4 billion of municipal bonds in the first half of 2016, a 3% increase from the first six months of 2015, according to Thomson Reuters data.

Three Democratic Senators representing states without sales taxes recently wrote a letter to Senate leadership opposing federal legislation that would impose an Internet tax sales tax on its businesses.