Northeast

Massachusetts does not expect to draw on the state's rainy-day budget to fill a $311 million revenue gap for fiscal 2016, a budget official tells investors.

State Treasurer Denise Nappier announced a reduction in the Connecticut Higher Education Trust management fee, now that the direct-sold plan has exceeded $2.5 billion in assets.

A new state rescue plan fails to address Atlantic City’s long-term fiscal challenges, S&P Global Ratings said Tuesday in affirming its deep junk-level CC rating of the New Jersey gambling resort.

Michael Mulhern will resign as executive director of the embattled $1.6 billion MBTA Retirement Fund, which is under fire for its secretive management,

The Philadelphia Area Municipal Analysts Society (PhAMAS) is holding two public pension days on June 9 and July 13 exploring how issuers are addressing legacy costs.

New York Mayor Bill de Blasio has struck a disability pension deal with unions representing firefighters, sanitation workers and correction officers.

A Dowling College alumni group has launched a campaign to save the 48-year old Long Island school after it announced plans to close last week.

Massachusetts officials acknowledge a $311 million year-to-date revenue shortfall that could complicate efforts to finalize a state budget.

The New York City Housing Development Corp. intends to issue more than $455 million in bonds and provide more than $115 million in additional financing for affordable housing.

Unrated Scranton, Pa., announced a P3 under which nonprofit National Development Council will manage its parking system.