Northeast

A $1 billion funding gap could jeopardize completion of the Green Line streetcar extension north of Boston, Massachusetts transportation officials say.

Legislation signed on Aug. 10 by New Jersey Gov. Chris Christie creating a statutory lien on appropriated state aid for bonds issued by the Municipal Qualified Bond Act is a credit positive for bondholders in the Garden State, according to Moody's Investors Service.

The New Jersey Economic Development Authority (NJEDA) is selling $2.2 billion in bonds next week marking the largest deal in the municipal market so far in 2015.

Two Maryland counties have committed another $60 million to help fund the proposed $2 billion Purple Line P3 light-rail project.

Southeastern Pennsylvania Transportation Authority General Manager Joseph M. Casey is retiring after seven years leading the nation’s sixth-largest public transit agency.

The political bickering that litters the New York-area transportation funding landscape raises doubts about big projects such as the LaGuardian Airport renovation and Hudson River train tunnels.

Gov. Tom Wolf and legislative leaders resumed negotiations Thursday that could break a seven-week stalemate over Pennsylvania's proposed $30 billion fiscal 2016 budget.

New Jersey’s already low A2 rating could slip more if the state Supreme Court rules in favor of retirees in a pending case, according to Moody’s Investors Service.

Fitch Ratings revised New Jersey's outlook to stable from negative saying that "the state's near-term budget risks have abated."

New Jersey's tax collections are on track to meet 2015 projections, according to Acting State Treasurer Robert A. Romano.