Northeast

Citing declining revenues and a shaky economy, Connecticut Gov. Dannel Malloy ordered across-the-board agency budget reductions of nearly 6%.

Rhode Island Gov. Gina Raimondo continued her theme of jobs and economic development in submitting her $9 billion budget for fiscal 2017, which includes $230 million in bond requests.

New York Mayor Bill de Blasio announced procurement rule changes to help increase city contract awards to minority- and women-owned business enterprise firms.

Rhode Island Treasurer Seth Magaziner has been named 2016 financial literacy committee chairman for the National Association of State Treasurers.

While federal aid to New York City dropped about $1 billion over five years, the total is flat aside from stimulus and Hurricane Sandy funding, said the Independent Budget Office.

The New York City Transitional Finance Authority intends to sell $1 billion in future tax secured subordinate bonds on Feb. 9, city officials announced.

The Town of Oyster Bay, N.Y. is getting a cool reception from the municipal bond market after Moody's Investors Service withdrew its rating citing a lack of financial information.

The Connecticut Bond Commission approved $17.5 million in state funding for the design, engineering and construction of a rail yard on the Metro-North Railroad Danbury branch line in Norwalk.

Rhode Island Gov. Gina Raimondo is scheduled to deliver her annual budget address with jobs, economic development and truck tolls her expected focus.

Moody’s Investors Service has placed Atlantic City’s junk-level Caa1 credit rating under review for a possible downgrade citing the chance at “bondholder impairment” from looming New Jersey legislation.