Northeast

The Massachusetts Department of Revenue announced fiscal '23's revenue numbers were 4.7% below the previous year's total.

Despite looming economic and social challenges, New York City's economy has proven to be more resilient than projected, New York's comptrollers Brad Lander and Thomas DiNapoli say.

Connecticut's baby bond trust received its initial funding without the need to borrow with the help of a debt reserve insurance policy.

"Weaker performance is in part driven by higher permanent labor costs," Moody's said. "These elements highlight rising human capital and financial strategy risks under Moody's ESG classification and are key drivers of this rating action."

Costs associated with the influx of migrants could cost the city more than $12 billion over fiscal 2023, 2024 and 2025.

The New Jersey Board of Public Utilities will begin to mull new projects submitted during a third round of proposals for offshore energy development.

Moody's Investors Service upgraded the Connecticut capital city's issuer rating to Baa3 from Ba2.

Though the city has vast financial strengths, it is struggling with the costs of housing migrants and declining commercial property values.

Oliver, 71, had been serving as acting governor while Governor Phil Murphy was in Italy on vacation with his family.

Tax-exempt bonds issued for the American Dream mega mall backed by New Jersey economic development grants are poised to miss a third straight interest payment.