Northeast

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.

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

Newly hired Long Island Power Authority CFO Tamela Monroe has arrived during a busy period for the public utility as it plans aggressive infrastructure goals while grappling with financial challenges posed by coronavirus.

Republican opponents of New Jersey Gov. Phil Murphy’s proposal to borrow up to $9.9 billion for offsetting COVID-19-related revenue losses argued before the state’s highest court Wednesday the state’s constitution and past legal precedent should prevent the plan from proceeding.

The Democratic governor has requested changes to a municipal bonding bill that would have empowered local governments to borrow for offsetting revenue losses from the COVID-19 pandemic.

House Speaker Nicholas Mattiello has filed bills calling for a referendum on boosting the state's reserve balance to 10% of annual general revenue over a decade.