Northeast

Tax-exempt munis have now regained late September levels, and November's rally has eclipsed October's selloff, MMA notes in a weekly report.

Debt placed through conduit Rhode Island Health and Educational Building Corp. will accelerate repairs at the Paul Cuffee School, a high school in Providence.

The Port Authority of New York and New Jersey expects its bottom line to return to pre-pandemic levels in fiscal year 2023, according to its recently announced budget.

A separate report showed the state's workforce declined by 1% between 2011 and 2021 while the workforce increased 5.1% nationally during that time frame.

"S&P recognizes the progress that has been made and that Connecticut is getting its mojo back," said Gov. Ned Lamont.

"An increase in social distancing and remote work has resulted in growing vacant office space since late 2020. Office rents have also trended down and remained depressed into 2022," according to the Popular Annual Financial Report.

Incoming Gov. Wes Moore's political support for Hogan's signature project is uncertain.

The agreement has the potential to ease pressure on $1.7 billion of separate tax-exempt bond debt taken on to finance the massive mall and entertainment venue.

More than two years after COVID derailed three JFK Airport's high-profile terminal deals, the final project is now on track for groundbreaking early next year.

The update noted the growth in the fiscal 2023 budget since its adoption last July was due to the approval of federal grants.