Northeast

Connecticut's two largest pension funds exceeded benchmarks but only returned 0.26% and 0.25%, state Treasurer Denise Nappier announced.

The Long Island Power Authority’s financial stability is expected to “gradually improve” in the years ahead, according to Janney Capital Markets.

New York’s Suffolk County Off-Track Betting Corp. is nearing the opening of a new casino as part of a plan to exit from bankruptcy.

The $2.5 billion line of credit Pennsylvania’s Treasury extended to the state to support its general fund is a credit negative, according to Moody’s.

Paterson, N.J.'s increased preliminary property tax levy of $149.2 million is a credit positive for New Jersey's third-largest city because it eliminates the threat of major immediate cash shortfalls, according to Moody's Investors Service.

Disappointing public pension investment fund returns released recently by Maryland and Virginia may be representative of a more nationwide trend, pension experts warned.

Northeast issuers sold $57.4 billion of municipal bonds in the first half of 2016, a 3% increase from the first six months of 2015, according to Thomson Reuters data.

N.J. Gov. Chris Christie opens the general fund to restart transportation project stalled over fight with lawmakers.

A big increase in New Jersey's gasoline tax would restart work on $3.5 billion of stalled road projects, Gov. Chris Christie said.

Bard College in New York's Dutchess County was moved further into junk territory Wednesday after Moody's Investors Service downgraded the school's revenue bonds one notch to B1 with a negative outlook citing increased debt levels.