Northeast

The pending bankruptcy of the Central Coventry, R.I., Fire District has magnified debate about duplication and accountability within these jurisdictions.

Moody's Investors Service upgraded Jersey City, N.J. to A1 from A2, citing rising residential income levels, healthier government balance sheets and improved structural balance.

The Central Coventry, R.I., Fire District appears headed for bankruptcy court after state officials and the local union remained stalled over cost concessions.

The Connecticut Siting Council approved Bridgeport's green energy park, consisting of 9,000 solar panels and a 2.8-megawatt fuel cell atop an old and unused landfill — giving a final regulatory clearance for the clean energy project to begin.

Connecticut completed the first project under its local transportation capital improvement program, Gov. Dannel Malloy said.

Too much job creation in New York is concentrated on low-wage industries, city Comptroller Scott Stringer said in his quarterly economic report.

Starbucks and Chipotle will be among the first tenants to open at the $750 million Steelpointe Harbor in Bridgeport, Conn., city and development officials said.

Harrisburg, Pa., has begun advertising for a consulting firm to help lead the city's long-range comprehensive plan.

Most public pension funds assume rates of return inconsistent with their portfolio allocations and many invest heavily in low-yield assets such as fixed income and real estate, said a Pioneer Institute study.

Better scrutiny and support could help avert future bankruptcies, say public finance experts Richard Ravitch and James Spiotto.