Northeast

Almost $3 billion of potential lost revenue from cuts in Maryland gasoline taxes could cripple spending for major transportation projects.

The New York City Transitional Finance Authority plans a $700 million refunding on Feb. 25 after a two-day retail order period.

New Hampshire Gov. Maggie Hassan has proposed a two year budget plan that includes a 6.4% spending increase, but would also cut more than $1 billion from state agency requests.

The Connecticut Housing Finance Authority reported strong retail demand in its oversubscribed sale of housing mortgage finance program bonds.

The crowdfunding site Fundrise is offering small investors a way into the Liberty Bonds issued to finance 3 World Trade Center, which were sold with a minimum $100,000 denomination.

Beverly Scott abruptly quit as general manager of the Massachusetts Bay Transportation Authority, the storm-besieged agency that operates the Greater Boston subway and commuter rail system, after the MBTA's poor performance in recent snowstorms.

Philadelphia Mayor Michael A. Nutter has received Association of Government Accountants 2015 Excellence in Government Leadership award.

New York City's economy continued solid growth in 2014 despite a slowdown in the fourth quarter, Comptroller Scott Stringer said in his quarterly update.

The Republican caucuses of Connecticut's House and Senate propose a transportation bonding plan as an alternative to highway tolls.

Massachusetts Gov. Charlie Baker named Mike Heffernan as his designee to the Pension Reserves Investment Management board, which oversees the $60 billion pension fund.