Northeast

New Jersey is facing a possible $1.1 billion revenue shortfall for the current and next fiscal year following weaker than expected income tax collections in April, according to the state Legislature’s nonpartisan budget office.

The New York Metropolitan Transportation Authority’s operation of its federally mandated Access-A-Ride program has been marked by waste, mismanagement and widespread service failures, according to an audit released on Tuesday by Comptroller Scott M. Stringer.

A new proposal in the New York State Legislature would if approved place borrowing limits on the Long Island Power Authority (LIPA) if approved.

Central Falls, R.I.'s last proposed budget under a five-year bankruptcy plan shows a capital markets underpinning that includes a rainy-day fund.

New York City will end fiscal 2016 with a $3.5 billion surplus, $151 million more than Mayor Bill de Blasio’s estimate, said the watchdog Independent Budget Office.

Mandated cost increased and an inability to raise revenue are hampering the Philadelphia School District with persistent budget deficits, according to a new audit from Pennsylvania Auditor General Eugene DePasquale.

New York City, NYC, Bill de Blasio, Dean Fuleihan, Fiscal 2017, Executive Budget, H+H, Health and Hospitals, Debt Service

The grim financial picture in Hartford, Conn. includes rating downgrades, doomsday budget forecasts and two stadium fiascos.

Connecticut's House of Representatives is scheduled to debate a nearly $20 billion state budget for fiscal 2017, one day after Senate approval.

Signs of a cooling economy in New York City emerged despite first quarter 2016, growth, said city Comptroller Scott Stringer.