Northeast

New York Gov. Andrew Cuomo has appointed Mary Beth Labate as budget director for the New York State Division of the Budget.

Mayor Bill de Blasio proposed a major overhaul of New York City's corporate tax structure that would make it conform to state tax law.

Law firms Locke Lord and Edwards Wildman Palmer closed their $675 million merger and will operate as Locke Lord Edwards, with 1,000 lawyers in 23 locations.

The recent dismissal of a three-year old lawsuit against Burlington, Vt. related to its city-owned broadband provider Burlington Telecom is a credit positive for Vermont's largest city, according to Moody's Investors Service.

The engineers of the plan Long Island's Suffolk County Off-Track Betting Corp. used to exit Chapter 9 with a 100% return to creditors say it could be a model for other municipal reorganizations.

Chris Mier, chief strategist at Loop Capital along with Tom Kozlik, director and credit analyst at Janney Capital Markets, will be presenting their forecasts for the municipal bond market at the Jan. 15 meeting of the Philadelphia Municipal Analyst Society.

In his opening speech as Massachusetts governor, Charlie Baker urged Massachusetts lawmakers and officials to deal with a projected budget deficit that could reach $1 billion.

Connecticut needs a secure transportation lockbox that all funds raised for transportation is spent on that, said Gov. Dannel Malloy on the cusp of his second term.

New York State is looking at a slower first quarter bond sales calendar than a year ago, but plenty of new issuance is still forecasted.

Outgoing state Treasurer Steve Grossman supports successor Deborah Goldberg's proposal for an independent budget oversight agency in Massachusetts.