Northeast

Connecticut should reduce the investment return assumptions of its two major state employee retirement plans, state budget Director Benjamin Barnes said following an academic report.

Maryland gets $27.9 million grant to study a 40-mile magnetic levitation train route expected to cost $10 billion.

New Jersey Gov. Chris Christie said he would meet soon with state Senate President Steve Sweeney to discuss Atlantic City’s fiscal woes.

The New York City Municipal Water Finance Authority intends to sell about $340 million of refunding and new money bonds on Nov. 17.

New Jersey Gov. Chris Christie conditionally vetoed key parts of an Atlantic City rescue package that the New Jersey Legislature approved in June.

The Long Island Power Authority’s credit outlook was revised to stable from negative Monday by Standard & Poor’s ahead of the utility issuing $250 million in electric system general revenue bonds.

Massachusetts has completed a $500 million sale of Commonwealth Transportation Fund revenue bonds to help fund six new rail projects in the Bay State.

Construction work has commenced on a privately-funded $260 million renovation and development of the Nassau Veterans Memorial Coliseum property in Uniondale, N.Y. that will create a new revenue stream for the Long Island's Nassau County.

Officials in Harrison, N.J. say they are past a rough financial patch that coincided with the construction of a Major League Soccer stadium, and are now seeing the investment pay off.

The New Jersey Health Care Facilities Financing Authority appears to be settling a tax dispute with the Internal Revenue Service over revenue bonds it issued in 1993 for Deborah Heart and Lung Center, which later entered into a total return swap.