Northeast

The IBO is a publicly funded city agency that provides nonpartisan information about the budget and economy but has no policymaking role.

The bill includes provisions to reduce the state's CBT rate and shield some overseas profits from local taxes.

"The lowered ratings reflect our view of the system's ongoing operational management vulnerabilities that led to an EPA administrative order and alleged violations of the Federal Safe Drinking Water Act," said S&P's Jenny Poree.

Gov. Ned Lamont signed income tax rate cuts expected to benefit nearly 1 million people in the most comprehensive cut since the income tax was imposed in 1991.

The section of I-95 that collapsed was part of a recent $212 million reconstruction.

The Massachusetts Bay Transportation Authority's budget is focused on safety improvements after federal regulators pointed out deficiences.

City finance officials report that its recent $1.56 billion general obligation bond sale was more than six times oversubcribed.

"We are delivering the largest cut to Connecticut's income tax rates in state history," Gov. Ned Lamont said.

Muni Pride has been rebranded from California Muni Pride to reflect its developing national focus.

Olson, a 20-year municipal bond veteran, replaces Marjorie Henning who retired at the end of April. In his new position, he will be in charge of the Bureau of Public Finance, which manages the city's borrowing for the comptroller.