Northeast

Long Beach, N.Y., which declared a state of fiscal emergency in February, is now facing additional financial strain after Hurricane Sandy swept through the oceanside city.

The New York State Common Retirement Fund's value increased to $150.1 billion during the second quarter ending Sept. 30, according to Comptroller Thomas DiNapoli.

The Maine Municipal Bond Bank is expected to sell $43 million of double A-rated refunding bonds on Tuesday for an expected net present value savings of 8.2%.

A report by asset manager Conning that placed Connecticut last among the 50 states in credit quality has state Treasurer Denise Nappier up in arms.

Hurricane Sandy raised awareness about the need to better fortify the New York City region. What is not clear is the best way to do that, or to pay for it.

The Dormitory Authority of the State of New York is scheduled to sell $135 million of revenue bonds for the Rochester Institute of Technology on Tuesday.

The city of Philadelphia began the search for a broker to manage its potential sale of the Philadelphia Gas Works, one of the few city-owned gas companies in the United States.

Standard & Poor's raised its rating on Central Falls, R.I.'s general obligation debt to BB from C. The outlook is stable.

Moody's Investors Service revised its outlook to stable from negative and affirmed the Ba1 rating of Queens Ballpark Co. LLC, developer of the New York Mets' Citi Field.

Increased economic development and better long-term financial planning point to signs of progress for Schenectady, according to an audit by New York’s state comptroller, Thomas DiNapoli.