Northeast

State Rep. John McGinnis wants to shorten the Pennsylvania pension amortization period from 30 years to 20.

New York State saw an $11.4 billion increase in revenue collections for the 2015 fiscal year due mainly to one-time financial settlements and a boost in federal aid, according to a report released on May 12 by Comptroller Thomas DiNapoli.

Connecticut’s Bond Commission on May 8 approved $9 million to assist the Steelepointe Harbor waterfront development project in Bridgeport.

The New York City Municipal Water Finance Authority intends to sell $435 million of second resolution, fixed-rate tax-exempt refunding bonds on May 19.

Pennsylvania's Senate expects to debate a bill that backers say will begin to tackle an unfunded pension liability problem that has hurt its bond rating.

A series of toll rate reductions and discounts announced by the Maryland Transportation Authority on May 7 are a credit negative for the agency's revenue bonds, according to Moody's Investors Service.

A transit expert says a marijuana tax, should New York State legalize it, could help MTA close its capital funding gap.

New York Mayor Bill de Blasio's executive budget reflects a sound city economy, analysts said after he unveiled his proposed $78.3 billion spending plan for fiscal 2016.

As construction crews work on a $56 million minor-league baseball stadium north of downtown Hartford, Conn., state lawmakers joust over its financing.

New York Mayor Bill de Blasio proposed a $78.3 billion budget for fiscal 2016, balancing themes of income equality and fiscal health.