Northeast

Revenue volatility and bond-rating agency opinions can complicate states' rainy-day planning.

Bolstered by by gains in New York City, local sales taxes collections rose 3.3% across New York State in the first half, state comptroller Thomas DiNapoli reported.

The Port Authority of New York and New Jersey and the Metropolitan Transportation Authority shook up their leadership as they battle to reverse deterioration in the region's transit systems.

The state's lawmakers ended their squabble over the car-tax phaseout

"This is deeply troubling," treasurer Joe Torsella said of the commonwealth's revenue situation

The rating agency cited a liquidity boost from its sewer-system sale.

The Springfield Water and Sewer Commission, aided by a recent bond rating upgrade from Standard and Poor's Rating Service, has been able to refinance debt and issue new revenue bonds for millions of dollars in long-term savings.

Thomas D. Zoidis, a former municipal finance professional in Philadelphia, died on July 27. He was 84.

The New York State Financial Control Board on Wednesday said that New York City’s finances are in good shape and that the city’s doesn’t need a resumption of state control.

Regional School Unit 9 directors voted unanimously Thursday to use the majority of $729,954 in additional state funds to reduce tax assessments and borrowing for capital improvement projects.