Northeast

Vastly improved fund balance levels in New Jersey's largest city leading into the COVID-19 pandemic have helped weather financial headwinds posed by the health crisis.

The level of Washington aid is but one yardstick for the fiscal soundness of the city-owned system, says the watchdog Independent Budget Office.

New York State’s revenue deficit deepened during the first three months of fiscal 2021, underlining how crucial federal funding is to help, according to Gov. Andrew Cuomo.

Lauren Sobel, a municipal bond analyst at Bank of America, died in a rock climbing accident in Gardiner, New York.

Slow utility responses triggered legal action and calls for changes ranging from carrot-and-stick contracting agreements to a municipal takeover of Con Edison.

The state's highest court unanimously ruled that a law Gov. Phil Murphy spearheaded to authorize up to $9.9 billion of bonds is constitutional.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

They cited recent waves of COVID-19 in rural and farmland areas and the success of mass transit overseas at containing the spread.

Federal assistance in the next relief package is crucial for the largest statewide public transportation system’s financial health in 2021, the senator said.

Sharp revenue losses caused by the pandemic triggered a negative credit outlook for Long Island’s Nassau County as it prepares to roll out a new fiscal plan to combat a budget hole.