Northeast

Pennsylvania Gov. Tom Corbett still has unfinished financial business, but was able to bask in a rare win - passage of a $2.4 billion transportation bill.

New York City closed its $2 billion budget gap, Mayor Michael Bloomberg said Thursday afternoon in releasing his final quarterly budget.

Pennsylvania's House of Representatives was scheduled to debate a $2.4 billion transportation bill that Senate counterparts approved a day earlier.

Moody's Investors Service downgraded Westchester County, N.Y. to Aa1 from Aaa on Wednesday, affecting $1 billion in debt.

Moody's Investors Service downgraded Atlantic City, N.J.'s general obligation and city-guaranteed debt to Baa2 from Baa1, affecting $219 million in debt.

A New York State commission recently recommended a major revision to the state's taxes.

Fitch Ratings revised its outlook on Pawtucket, R.I., general obligation bonds to positive while affirming its BBB-minus rating, barely above junk level.

Maryland Treasurer Nancy Kopp has been appointed to the board of trustees of the Financial Accounting Foundation, FAF announced Tuesday.

Connecticut budget chief Benjamin Barnes said the state is fiscally sound, despite projected deficits totaling $1.4 billion in fiscal years 2016 through 2018.

The Pennsylvania agency overseeing Harrisburg's financial recovery has petitioned a court to extend the term of city receiver William Lynch for two more years.