Northeast

The Connecticut Bond Commission approved the authorization of nearly $15 million in funding for nonprofit organizations.

A Rhode Island Superior Court judge will hear a petition by bondholders to oppose receivership for Wyatt Detention Center in Central Falls, saying the city is using the process to cram them down.

New York's Metropolitan Transportation Authority's capital funding gap may exceed $12 billion, according to a report by state Comptroller Thomas DiNapoli.

The Connecticut Bond Commission is expected to approve $3 million to fund short-term fixes to the 118-year-old Walk Bridge in Norwalk, said Gov. Dannel Malloy.

Atlantic City, N.J.'s mayor responded to the junk rating placed on its debt by Moody's Investors Service, saying the city is already shifting away from a casino-centered economy.

Having dropped the stigmatized Harrisburg Authority name, Capital Region Water of Pennsylvania is shooting for an investment-grade rating within 18 to 24 months. Meanwhile, the unrated is selling debt with the help of credit enhancement.

Slow sales tax revenue growth for New York counties is a credit negative for the counties, Moody's Investors Service said.

AlliedBarton agreed to pay more than $1.3 million to cover a prevailing-wage discrepancy, New York City Comptroller Scott Stringer said.

Sonia Toledo of Wells Fargo Securities was elected president of the Municipal Forum of New York, heading an all-female slate of officers.

Stern Brothers & Co., which advised on a recent $500 million MTA bond sale, hired former New York City Councilman David Weprin and added Neal Oldendorp in New Jerey.