Northeast

Gov. Charlie Baker has filed legislation to allocate $200 million in funds to Massachusetts cities and towns for local transportation infrastructure improvements.

Pennsylvania Gov. Tom Wolf stirred a hornet's nest in the capital markets when he included $3 billion in pension obligation bonds with his budget proposal.

Restructuring state debt to enhance economic development and jump-start Rhode Island's sagging economy is a linchpin of Gov. Gina Raimondo's $8.6 billion budget proposal for fiscal 2016.

Long Island's Nassau County is planning to construct a new practice facility and corporate offices for the New York Islanders hockey team.

New Jersey and Pennsylvania’s public pension systems were the nation’s most underfunded from 2001 to 2013, according to the National Association of State Retirement Administrators.

The New York City securities industry was a large contributor for 2014 tax revenues in the Big Apple and Empire State, according to a March 11 report released by State Comptroller Thomas DiNapoli.

Long Island's Suffolk County has achieved debt service savings of $6 million from recently-issued 2015 refunding bonds.

The Massachusetts Development Finance Agency hired John Markowitz as vice president for infrastructure finance to expand its investment banking team's infrastructure financing capabilities.

Kroll Bond Rating Agency assigned its AA-plus rating to New York state general obligation bonds in its first ever rating of the Empire State.

New York's City Council is considering a bill to relax restrictions on European-style youth hostels and, say its backers, generate tax revenue and economic activity.