Northeast

Pennsylvania has transferred and consolidated three investment funds worth a combined $2.3 billion to reduce its fee payout to Wall Street managers.

A cybersecurity scare at a public power utility in Vermont has some municipal market participants thinking about how an attack could affect the nation's utility bond issuers.

New York State Comptroller Tom DiNapoli is calling for fiscal and procurement reforms after a new report released Thursday shows the state's public authorities have accumulated $267 billion in debt.

The Philadelphia Area Municipal Analysts Society will provide its 2017 market outlook at the group’s Jan. 19 meeting.

So-called intervention bankruptcy – combining federal and state resources – could help governments manage municipal insolvency, said a Manhattan Institute report.

The New York City Industrial Development Agency approved $195 million in tax breaks for Related Cos. and Oxford Properties for their planned Hudson Yards office tower.

The planned 2021 closure of Indian Point nuclear power plant has no immediate credit impact for New York State local governments that depend on the facility's payments in lieu of taxes, according to S&P Global Ratings.

New York State would invest a record $2 billion to enhance water infrastructure under a proposal announced by Gov. Andrew Cuomo Monday.

The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.

The Massachusetts Bay Transportation Authority's fiscal oversight board approved a five-year, $28 million warehouse privatization contract with Management Consulting Inc.