Northeast

A negotiated transaction may help Maine limit the yield penalty from Gov. Paul LePage's last-minute cancellation of the sale last month.

Vicki Fuller is retiring after six years as the state pension fund’s chief investment officer.

Tax Reform 2.0 would make permanent the lower individual tax rates in last year’s Tax Cuts and Jobs Act that are scheduled to expire in 2025.

New revenue sources for operating and capital budgets are necessary for the transit authority to cover a widening outyear gap, CFO Robert Foran said.

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.