Northeast

Municipalities in fiscal crisis faced diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.

New York's Metropolitan Transportation Authority intends to award a four-year, $236.5 million contract to rebuild the Queens Midtown Tunnel, which Hurricane Sandy heavily damaged.

The use of 40-year bonds to retire $300 million of bond anticipation notes received favorable reaction in the capital markets, said the finance director of New York's MTA.

Newark, N.J. Mayor Ras Baraka is calling for the power to establish new taxes for users of the city's airport and seaport as way to raise additional revenue.

The University of Connecticut plans to issue about $300 million of GO bonds under its UConn2000 infrastructure improvement program.

Miro Weinberger, who plays in an adult baseball league in his off time, recognizes that an A-rating for Burlington won't be achieved by swinging for the fences.

Rhode Island’s $621 million sale of tobacco settlement asset-backed bonds two months after a state judge cleared the deal was a huge boost for the Ocean State, said an attorney involved with the case.

The long hours and commutes New Yorkers endure underscore the need for adequate transit funding, said New York City Comptroller Scott Stringer.

Massachusetts Department of Revenue operative Sean Cronin will be the state overseer for Lawrence, budget Secretary Kristen Lepore announced.

Rhode Island Gov. Gina Raimondo and General Treasurer Seth Magaziner announced plans for a state infrastructure bank for green financing alternatives.