Northeast

The Port Authority of New York and New Jersey’s reform legislation and priorities for its 10-year capital plan will be examined during hearings scheduled for Sept. 10 before the New Jersey Senate Legislative Oversight Committee.

Harrisburg, Pa., faces a revenue gap next year of $6 million less than what state receivers projected in their 2013 recovery plan, said Mayor Eric Papenfuse.

Gov. Gina Raimondo and other Rhode Island officials will push for a bond rating upgrade when they meet with rating agencies.

Standard & Poor’s, citing Pennsylvania’s budget impasse, placed all school district and community college ratings based on the state aid intercept program on credit watch negative.

New York State and Local Retirement System (NYSLRS) employer contribution rates will decrease for the 2017 fiscal year, State Comptroller Thomas DiNapoli announced on Sept. 4.

Immediate threats to Pennsylvania bondholders are minimal despite a two-month state budget stalemate, said Moody’s Investors Service.

Prospects for bringing all New York subway stations to a state of good repair are dim even if the MTA gets full capital funding, said a watchdog organization.

Rhode Island ended fiscal 2015 with a $166.4 million general fund surplus, Gov. Gina Raimondo announced.

Solutions to the public pension funding crisis go beyond numbers crunching, said Manhattan Institute pension expert Daniel DiSalvo.

The Casino Association of New Jersey is pressing New Jersey Gov. Chris Christie to not delay in signing an Atlantic City financial assistance package so that the financially-strapped city can collect much-needed revenue in 2015.