Northeast

Robert Lamb of Lamont Financial Services is a veteran of municipal turnaround efforts in Connecticut.

New York City’s economy is taking a $400 million a year hit from subway delays, according to an economic analysis released by City Comptroller Scott Stringer on Sunday.

The state still lacks a budget as Democratic Gov. Dannel Malloy vetoed a Republican-crafted $40.7 billion biennial spending plan. Meanwhile, capital Hartford spirals toward a possible bankruptcy. Mayor Luke Bronin says increased state aid, bondholder flexibility and labor concessions are all needed to keep the city out of Chapter 9.

The cash-strapped gambling resort highlight's available property and the state's ability to offer tax breaks.

The state's treasurer, Seth Magaziner, cited the “back to basics” strategy his office undertook about a year ago.

The Rhode Island Infrastructure Bank is working to upgrade the state's poorly-rated infrastructure.

The rating agency cited the backing of the authority's transportation revenue bonds by a gross lien on operating revenues.

The firm, which returned this year to public finance, hired five bankers in Texas, Florida, Illinois and New York.

The New Jersey Economic Development Authority achieved strong demand during Wednesday’s $350 million school facilities construction bond sale to help generate millions in savings for the Garden State.

Chicago-based Mesirow Financial is bulking up its municipal team with several hires on both coasts.