Northeast

The New York City Transitional Finance Authority intends to sell roughly $1 billion of future tax-secured subordinate bonds later this month.

In an effort to pull in more revenue for New Jersey, Gov. Chris Christie revoked a nearly 40-year tax agreement with neighboring Pennsylvania.

The Juilliard's School's outlook was revised to negative from stable by Moody's Investors Service, which sees risks in with the New York-based performing arts conservatory's global expansion plans.

Fitch downgraded Connecticut's outstanding special tax obligation bonds to AA-minus from AA, citing its revised U.S. tax-supported rating criteria.

Nearly 10,000 tax-abated properties will return to Philadelphia's tax rolls over the next five years adding an estimated $55 million in new revenue, City Controller Alan Butkovitz said.

Rhode Island ended fiscal 2016 with a $167 million surplus, or $44 million more than expected, said Gov. Gina Raimondo.

The Securities and Exchange Commission is asking a federal judge to allow it to submit an amended complaint that includes much more detailed charges against banker Peter Cannava in connection with an ill-fated private placement for startup video game company 38 Studios.

Pennsylvania Auditor General Eugene DePasquale has begun an audit of Pittsburgh's public pension plan and repeated his call for statewide overhaul.

The National Development Council closed its $32 million parking system transaction with Scranton, Pa.

Debt-ridden Dowling College is shutting its doors at end of Wednesday with more than $54 million of bond debt outstanding.