Northeast

The Suffolk County, N.Y. legislature approved a budget for 2014 that includes tax anticipation notes equal to 14.3% of 2014 expenditures.

The Maryland Transit Administration plans to seek bids soon for a private partner willing to provide up to $900 million of funding for a $2.2 billion light-rail line in the northern suburbs of Washington following Gov. Martin O'Malley's and the state Board of Public Works' unanimous approval of the P3 competitive solicitation process.

Moody's revised its outlook on Penn State to positive from stable, citing the $60 million settlement with sex-abuse victims of ex-assistant football coach Gerry Sandusky.

Connecticut will get $5.2 million for dam-removal projects as part of the U.S. Department of the Interior’s $162 million allocation for shoreline protection.

Texas voters approved a $2 billion water bond program Tuesday in the largest of many bond related issues voters decided in the off-year.

Bookstore owner Eric Papenfuse defeated city controller Dan Miller in the open-seat mayoral election in distressed Harrisburg, Pa.

As Bill de Blasio prepares to become New York City's next mayor, the first Democrat in two decades, bond markets are taking a wait-and-see approach toward a city rife with fiscal uncertainty.

The Rhode Island Economic Development Corp., under fire for its role in the 38 Studios fiasco, chose Salesforce to manage its client relationship management system.

Two government boards in New Jersey gave approvals that bring a $748 million high yield bond closer to sale.

Connecticut's issuance of variable-rate remarketed obligations, or VROs, could set a national precedent, according to state Treasurer Denise Nappier.