Northeast

New York City officials and market observers on Wednesday weighed in with words of caution about the uncertainties facing the city’s finances, a day after Mayor Bill de Blasio released his $84.7 billion preliminary budget for fiscal 2018.

New York’s Metropolitan Transportation Authority board switched tracks and shielded single-fare riders from the latest round of biennial fare and toll increases.

Moody’s Investors Service restored the Town of Oyster Bay’s credit rating Tuesday at an investment grade, a year after the Wall Street firm removed the rating of New York’s fourth largest township citing to a lack of audited financial statements.

Amid ‘deep uncertainty’ in Washington, New York Mayor Bill de Blasio released his $84.7 billion fiscal 2018 preliminary budget.

A repeal of the Affordable Care Act would hamper New Jersey finances, according to state lawmakers fighting to save the landmark national healthcare program.

New York MTA retired $945 million of debt from its core portfolio last year through normal amortization, said deputy finance director Olga Chernat.

Connecticut's agreement with labor unions to change various pension funding assumptions has a mildly positive credit effect on the state, said S&P.

New York State debt is projected to decline for a fifth straight year at the end of the current budget cycle, Gov. Andrew Cuomo touted in his new spending plan proposal.

New York’s Metropolitan Transportation Authority expects to issue more environmental green bonds in 2017, a finance official told board members.

Stephen Reed, Harrisburg, Pa., mayor from 1982 to 2009, pleaded guilty to stealing city-purchased artifacts.