Northeast

Proceeds from two bond deals designed to keep Harrisburg, Pa., out of bankruptcy fell "well within the range" of projected revenues, said receiver William Lynch.

Maryland Transportation Authority will generate less than $10 million a year in toll revenue from express lanes on a $1.1 billion highway improvement project.

The Harrisburg receivership team and many related parties anticipate closing a recovery plan aimed at keeping Pennsylvania's capital city out of bankruptcy.

Observers' views diverge on whether the impending introduction of casinos in New York will be a major fiscal plus for local governments.

New York City's near-term fiscal outlook appears strong but uncertainties hover beyond that, according to the Independent Budget Office watchdog organization.

Holders of $238 million of defaulted bonds issued to build garages near Yankee Stadium have agreed to continue negotiations in the hopes of a soccer stadium at the site, according to bond documents.

Queens rebounded strongly from the recession over the past two years, according to an economic snapshot of the New York City borough by state Comptroller Thomas DiNapoli.

New York's MTA approved $2.3 billion in new-money bonds and hired PFM Group and Mohanty Gargiulo as financial advisor and swap advisor, respectively.

New York City Comptroller John Liu, in his final state of the city speech, said his audit bureau uncovered nearly $1 billion that belongs to New Yorkers.

New York's Metropolitan Transportation Authority approved a $13.5 billion budget and four-year plan, but tabled a $25 million proposal for service restoration.