Northeast

The New York State Financial Control Board went into "sunset mode" for a 32nd straight year.

The fund returned 8.03% in FY18, ahead of its 7% annual target and ahead of its own benchmark, which returned 7.59%.

S&P Global Ratings lowered the Connecticut city to BBB-plus from A-minus, and Fitch Ratings dropped the city to BBB from A-minus.

The county legislature unanimously approved $154 million of bonding projects.

A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.

Banker David Schott has joined Stern Brothers' New York office.

After nearly a decade with a junk bond rating, Rensselaer County's most populous town vaulted into investment-grade bond status Monday, the town announced.

The debt of New York’s MTA prompted board member David Jones to question whether the authority should have a debt cap.

The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.

The city of Norwalk successfully executed a $30 million municipal bond sale to pay for city, school and redevelopment capital projects.