Northeast

The fiscal control board for Long Island’s Nassau County has rejected its $2.95 billion budget proposal saying it relies too much on uncertain revenue assumptions.

Rhode Island selected Invesco and Ascencus to manage its $7 billion CollegeBoundfund 529 program, replacing AllianceBernstein.

A proposal to split up the main employee pension fund has triggered debate in Connecticut, where an unfunded liability mess contrasts with enviable per-capita income statistics.

A Rhode Island oversight panel voted to ask House Speaker Nicholas Mattiello to subpoena former baseball star Curt Schilling over the 38 Studios debacle.

Pat Foye, executive director of the Port Authority of New York and New Jersey, is planning to step down, the agency announced Thursday.

New York’s transit workers union chief and the CEO of a paratransit vendor plan to meet again in the hopes of averting a strike over working conditions.

New Jersey collected just over $2.06 billion in revenue during October and remains on track to finish ahead of last year's numbers, according to Acting State Treasurer Ford M. Scudder.

Higher interest rates could challenge New York’s Metropolitan Transportation Authority over the next few years, said its chief financial officer.

The Nov. 10 agreement between the town of Morristown, N.J., and Atlantic Health System on Morristown Medical Center property tax appeals could have a "ripple effect" for no-for-profit hospitals across the U.S., according to Moody's Investors Service.

Rhode Island selected Public Resources Advisory Group as its financial advisor, General Treasurer Seth Magaziner announced.