Northeast

New Jersey Gov. Phil Murphy’s second proposed budget relies on tax increases to fund his policy initiatives.

FA Jeff Larson said the $2.7 billion in nonrated bonds are expected to price in late March.

Mayor Martin Walsh allocated $150 million from the city budget to securities of companies with strong environmental, social and governance practices.

Sen. Chuck Schumer, D-N.Y., is making an end run around the Trump administration and proposing a legislative solution to jump-start the Gateway project.

New York economic conditions slipped in February, with current conditions falling to their lowest level since June.

The West and East Coasts will battle it out for the top municipal deal of the week — with California coming with a $2.3 billion GO deal and NYC coming with almost $990 million of bonds.

The upgrade Friday came as city Comptroller Scott Stinger warned about the use of numerous one-time actions to balance the budget.

The longtime municipal and fixed income strategist will become municipal bond client sales and product manager at the electronic trading platform.

Moody's Investors Service lowered the Philadelphia-based university to Baa1.

The announcement of a congestion pricing plan and passage of fare and toll hikes reflects favorably on the authority, Moody's says.