Northeast

Maryland has inked an $85 million deal to secure the rights to the Preakness Stakes by authorizing the Maryland Economic Development Corp. to issue revenue bonds to fund the sale.

City governments' circumspect approaches to AI could likely be attributed to varying public perception. 

With federal costs and an election on the horizon, Massachusetts, Pennsylvania and New Jersey opted for "maintenance budgets."

Pennsylvania fuel consumption has been gradually declining, Fitch analysts wrote, straining the security for the turnpike's oil franchise tax revenue bonds.

Bondholder liens did not arise "solely by force of a statute," but depended on contract agreements and trust indentures and therefore don't survive bankruptcy, the court said.

The deal funds the municipalization of a private water utility that had been controlled by investor-owned utility Eversource.

The long-running financial problems of the Donald W. Wyatt Correctional Facility in Central Falls, Rhode Island, resulted in a Chapter 11 filing this month.

Construction delays and slowing international air traffic pushed rating agencies to change the outlook to negative on JFK's New Terminal One.

A New Hampshire executive council will not permit the first muni bond issuance backed by cryptocurrency.

The NJTA is planning to sell three series of revenue bonds Series 2026 A-1 ($570 million), Series 2026 A-2 ($150 million) and Series 2026B ($339.5 million), which received an A1 rating from Moody's.