Northeast

Redesigning local waste collection would save New York City about $300 million per year long term, said the Citizens Budget Commission watchdog group.

New York Comptroller Thomas DiNapoli released a new fiscal stress list Thursday that showed downstate local governments were likely to be in fiscal stress than upstate ones.

Gov. Tom Corbett and his staff derided as campaign "silly season" the alarm bells raised by Pennsylvania's treasurer and auditor general over Pennsylvania's recent short-term borrowing.

New York's MTA intends to pitch the city, state and federal government and corporate leaders to help cover its $15.2 billion capital program gap. Otherwise, it will have to borrow more.

New York City Comptroller Scott Stringer has called for the city to issue environmental, or green bonds, as part of its debt package over four years.

Another bond-rating hammer falls on Pennsylvania as Fitch downgrades the state's GO bonds to AA-minus.

New York's MTA will propose a four-year capital plan that assumes a $15.2 billion funding gap, according to authority documents.

New York's MTA intends to remarket $148 million of Triborough Bridge and Tunnel Authority subordinate revenue variable rate bonds in October, an official told the finance committee.

Standard & Poor's raises its long-term and underlying ratings to AA-plus on New York City Housing Development Corp. bonds known as the open resolution.

Philadelphia reached a deal with one of its unions requiring $127 million in additional spending over the course of its five year plan covering fiscal years 2015 to 2019.