Northeast

Former U.S. Transportation Secretary Ray LaHood and former FAA chief Jane Garvey will chair an advisory commission that will study the challenges of New York's MTA.

New York's MTA revised its offer to the Long Island Rail Road workers in an attempt to avoid a strike, offering 17% pay increases over seven years, including a retroactive period

Public Financial Management Inc. points to municipal clients that have avoided state oversight, some receiving bond-rating upgrades, as signs of progress in its nearly three years in Rhode Island.

An upgrade from S&P helped generate $396 million worth of transportation revenue bond retail orders, according to New York's Metropolitan Transportation Authority.

The Philadelphia School District is hoping Pennsylvania will provide aid, as both the district and the state enter the final days of budget preparation.

Moody's upgraded formerly bankrupt Central Falls, R.I., to Ba3 from B1 and changed the city's outlook to stable from positive.

New York's MTA is weighing a proposal for a 16,000-square foot eatery at Grand Central Terminal's Vanderbilt Hall, operated by restaurateur Claus Meyer.

New York City Transportation Commissioner Polly Trottenberg and Neal Zuckerman of the Metro-North Railroad Commuter Council will join the board of New York's MTA.

New Jersey's government appears to be near approving an annual debt analysis.

Despite a recent vote for the state to make a bond payment, intrigue and controversy surround continue to surround the saga of the failed 38 Studios economic development deal in Rhode Island.