Northeast

It's yes to 38 Studios debt and no to Sakonnet River Bridge tolls as Rhode Island House Finance Committee approved a revised $8.7 billion budget.

Adrian King Jr. will resign as Pennsylvania's first deputy attorney general and rejoin law firm Ballard Spahr as partner on June 16.

S&P revised its outlook to positive from stable for its long-term and underlying A rating on Cranston, R.I., general obligation debt to positive from stable.

Fitch's AA rating of New York City's general obligation bonds reflects the city's effective management, said a spokesman for Mayor Bill de Blasio's budget office.

The inexorable drive to further underfund Pennsylvania's state-wide pension systems remains alive and well, under the guise of "pension reform."

Gov. Tom Corbett's hybrid proposal to overhaul Pennsylvania's public employee pension system could pass despite a blitz from both the left and the right, said one Keystone State actuary.

S&P revised its outlook on Rhode Island Turnpike and Bridge Authority revenue bonds to negative from stable while affirming its A-minus rating on the bonds.

The Suffolk County, N.Y. legislature is taking steps to both increase and decrease the county's borrowing.

Stronger than expected tax revenue has narrowed outyear budget gaps for New York City, said city Comptroller Scott Stringer.

Moody's Investor's Service downgraded $282 million of Atlantic City, N.J.-related bonds to near junk grades citing declining revenue in the gambling destination.