Northeast

A New York State oversight board that controls Nassau County finances has opted to refinance $118 million in long-term debt as a way to save $9.7 million in lower interest payments on debt service costs.

Longtime Philadelphia Regional Port Authority (PRPA) Executive Director James T. McDermott Jr. is planning to retire on April 15, 2016,

New York’s MTA expects to resubmit its five-year capital program request to state officials by the end of next month, Chairman Thomas Prendergast said.

New York State Comptroller Thomas DiNapoli has designated 44 municipalities across the Empire State as fiscally stressed.

Interim Rhode Island Treasury chief of staff Jeff Padwa will take the permanent position, state Treasurer Seth Magaziner announced.

New Jersey’s Local Finance Board has approved Atlantic City’s 2015 budget plan to plug its $101 million current-year shortfall.

Former Philadelphia Deputy Treasurer James Lanham has joined PNC Capital Markets' public finance group.

The Massachusetts Bay Transportation Authority’s operating budget is unsustainable, said a report by its new fiscal oversight board.

Atlantic City has positioned itself to make short-term required debt payments with no plans to enter bankruptcy, according to the city’s revenue director Michael Stinson.

Pennsylvania Auditor Eugene DePasquale’s pending report will weigh the effect of the state budget impasse on schools districts and social service agencies.