Northeast

Public finance veteran Richard Ravitch said part of the solution to New York's mass transit funding problem would be to "elect better politicians."

The Rhode Island Commerce Corp. agrees to a $12.5 million proposed settlement with four defendants related to the 38 Studios fiasco.

Transparent carrot-and-stick bond rating criteria for issuers could help advance projects to boost resilience from climate change and weather, advocates say.

Detroit's bankruptcy and Puerto Rico's default are similar to New York City's mid-1970s crisis, public finance veteran Richard Ravitch says.

New York City has announced the results of an RPF for the selection of financial advisors, pricing advisors and swap advisors for bond sales by the city and by its financial entities. The selection process was held in collaboration with the comptroller's office.

The New Jersey Senate Legislative Oversight Committee will hold hearings on Aug. 10 that address rail tunnel repairs and long-term transportation challenges facing the Garden State.

Rutgers University in New Jersey announced on Aug, 5 that it raised a record $187.9 million during the 2014-15 academic year fueled by a surge in donations at the end of a lengthy fundraising campaign.

Enrollment declines at the 14 universities in Pennsylvania's State System of Higher Education pressure their operations, said Janney's Alan Schankel.

Nassau County, N.Y. Comptroller George Maragos is projecting a $61.9 million cash deficit this year unless the county increases revenue or cuts expenses.

Former NASDAQ chairman Frank Zarb will head a new panel charged with reviewing the contracting process in New York's Nassau County.