Northeast

Long Beach's approved property tax increase that will raise $1.9 million annually toward narrowing the city's deficit is a credit positive, Moody's Investors Service said.

Pennsylvania, the latest state to issue unemployment compensation revenue bonds, plans to go to market Monday and Tuesday with $2.6 billion.

A labor coalition wants New York's MTA to renegotiate or cancel interest-rate swaps on bond deals, while the agency says it still saves money on them.

Bond-rating downgrades to Pennsylvania communities will outpace upgrades over 12 to 18 months as local governments continue to face credit pressure, according to Moody's.

Mayoral election dates are set in Central Falls, R.I. where Mayor Charles Moreau resigned after pleading guilty in a kickback scheme.

Harrisburg City Council member Brad Koplinski introduced legislation to allow the sale of the city's Wild West artifacts to proceed.

Philadelphia's non-union employees and supervisors will receive a 2.5% pay raise as part of a new compensation and benefits overhaul package.

The Allegheny County Airport Authority, Pa. is requesting bids for natural-gas drilling at Pittsburgh International and Allegheny County airports.

The Federal Highway Administration approved New York's plan for a new span to replace the current Tappan Zee bridge.

Moody's Investors Service downgraded to A2 from A1 $8.9 million of general obligation unlimited tax bonds of the Township of Little Falls, N.J.