Northeast

New Jersey legislative budget and finance officer David Rosen is projecting the state will collect $700.6 million less in the next two fiscal years than the state's executive branch has predicted.

A former investment banker at Goldman, Sachs, & Co. has agreed to pay a $100,000 fine and be barred from the securities industry for five years for his involvement in a pay to play scheme involving a Massachusetts gubernatorial candidate.

The Rockefeller Foundation selected eight cities to participate in the RE.Invest Initiative, a national effort to support sustainable infrastructure that includes financial advice on P3 options.

After an FBI raid on Ramapo, N.Y.'s town hall on May 15, the town has decided to replace a sale of $39 million in general obligation bonds Thursday with a note sale.

Timothy Murray will resign as Massachusetts lieutenant governor to become chief executive of the Worcester Regional Chamber of Commerce, he said Wednesday.

Legal jousting began in Rhode Island between lawyers for the state and former Red Sox pitcher Curt Schilling's failed video-game company, 38 Studios.

Bookstore owner Eric Papenfuse defeated incumbent Linda Thompson and city controller Dan Miller in the Democratic primary in distressed Harrisburg, Pa.

New Jersey intends to fund its pension system, an official in the state treasury department said, responding to a newspaper report that a bond document indicated there was no assurance payments would be made in future years.

New York City is in better shape than many counterparts, but financial variables still loom and "the picture could darken quickly," the Independent Budget Office said.

The settlement breakdown between Burlington, Vt., and Citi over a $33.5 million lawsuit regarding a city-owned telecom is a negative for the city, said Moody's.