Northeast

New York's tax revenue for the first half of the fiscal year has fallen slightly and missed targets, according to a report released by Comptroller Thomas DiNapoli on Friday.

Gov. Lincoln Chafee and the Rhode Island Economic Development Corp. approved a measure to lower the corporate income tax rate for Alexion Pharmaceuticals Inc.

The New York State Thruway Authority picked Tappan Zee Constructors to begin negotiations on a contract to construct the new $5 billion Tappan Zee bridge.

New York Gov. Andrew Cuomo received the Energy Highway Task Force's blueprint for additional electric generation and transmission capacity.

Raising the base fare on New York subways and buses to $2.50 is the most likely fare-increase scenario, said Joseph Lhota, chairman of the Metropolitan Transportation Authority.

Standard & Poor's revised the outlook to stable from negative and affirmed the A-minus rating on Atlantic City, N.J.'s general obligation debt.

Standard & Poor's revised its outlook to negative from stable on South Brunswick Township, N.J.'s general obligation bonds and affirmed its AA rating.

Connecticut officials celebrated the completion of the Arrigoni Bridge overhaul two months ahead of schedule.

A sale of $112.5 million of revenue bonds will finance renovations at the New York Aquarium, including a new shark building, and the Bronx Zoo.

Fitch Ratings lowered West Penn Allegheny Health System's $737 million revenue bonds CCC from B-plus, citing uncertainty over its proposed Highmark affiliation.