Northeast

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.

The improved forecast New York Metropolitan Transportation Authority revealed in its November financial plan is a credit positive, according to Moody's.

Under the glare of bond rating agencies and banks, Scranton, Pa., Mayor Chris Doherty submitted a $130.2 million budget that closes a $20 million gap.

New York's MTA will receive $30.5 million for its capital program through the sale of Bronx property for a retail complex and possibly senior housing.

Bill de Blasio's budget proposal about a month into his tenure could provide a window to investors anxious to see how New York's new mayor will handle finances.

The Philadelphia Mutual Analyst Society held its inaugural meeting Logan Square with goal of becoming a member of the National Federation of Municipal Analysts.

Rhode Island municipalities are shifting retirees onto new health-care exchanges, reducing benefits and raising employee co-pays to curb soaring costs, Moody's said in a report.

The Port Authority of New York and New Jersey is advancing a major renovation of LaGuardia Airport that may lead to $1.1 billion in bonds being sold.

The New York City Municipal Water Finance Authority sold $397 million of second resolution, fixed-rate, tax-exempt new money bonds on Tuesday.

New York's MTA intends to cut nearly in half the size of its planned fare and toll increases for 2015 and 2017, chief financial officer Robert Foran said.