Northeast

Betsy Taylor, the longtime finance director Massachusetts Port Authority and its point person on bond deals, is retiring after 37 years with the agency.

Raising money primarily from motor vehicle user fees could close the capital plan funding gap of New York’s MTA, according to the Citizens Budget Commission watchdog group.

The Nassau County Interim Finance Authority has approved $100 million in new bonds for dozens of public works projects aimed at improving aging infrastructure.

Atlantic City Emergency Manager Kevin Lavin released a 60-day interim report Tuesday that does not mention bankruptcy but suggested a bond restructuring as one way to help the city's finances.

Colin MacNaught, Massachusetts deputy treasurer for debt management for the past four years, is leaving the commonwealth on March 31.

Tobacco bonds may be on their way to the biggest volume since 2007, led by Wednesday's $1.7 billion sale from California, as issuers refinance amid a decline in smoking that's cut deeply into revenue.

The board of New York's MTA will vote on the sale of nearly $56 million in unused development rights in Queens after its finance committee approved it.

Standard & Poor's negative outlook on Connecticut's debt could foreshadow even more adverse credit actions unless the state fixes its deficit problems, said one lawmaker.

York, Pa., needs $10 million by Dec. 31 to meet its minimum pension payment obligations, said Pennsylvania Auditor General Eugene DePasquale.

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diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.