Northeast

New York State's $500 million automatic tolling initiative at Metropolitan Transportation Authority-operated bridges and tunnels is moving full speed ahead with a planned completion date set for the end of 2017, Gov. Andrew Cuomo announced Wednesday.

New Jersey legislation requiring quarterly pension payments starting in the 2018 fiscal year will not likely influence the state’s credit conditions, according to Fitch Ratings.

SEC sues, U.S. Attorney indicts former official of New York State Common Retirement Fund and two brokers over pay-to-play scheme.

New Jersey Transit is planning debt refinancing and new borrowing to cover a $12 million budget hole created by revenue losses from falling 2016 ridership.

Hartford, Conn.'s four-year contract firefighters will save the teetering city millions, said Mayor Luke Bronin.

Philadelphia got the green light to proceed with a new tax on sugary drinks after a judge dismissed efforts by the beverage industry seeking to halt the policy.

New York City projects a $439 million surplus in fiscal 2017, according to state Comptroller Thomas DiNapoli.

State school funding distribution changes proposed by a New York City-focused independent budget watchdog would boost revenue to the city's schools.

Elected officials from New York called on the Federal Transit Administration to fund the $6 billion second phase of the Second Avenue subway.

Philadelphia's chief fiscal watchdog is pitching a proposal to union leaders aimed at trimming the city's massive pension shortfall.