Northeast

Rhode Island will buy 82 acres of the Rocky Point property in Warwick for $9.7 million to develop as a state park, using bond money voters approved in 2010.

Standard & Poor's revised the outlook on New Jersey's general obligation bonds to negative from stable, based on the state's structural imbalance and optimistic revenue assumptions.

The Pennsylvania Higher Educational Facilities Authority is expected to sell $200 million of revenue bonds on Tuesday and the New Jersey Economic Development Authority is expected to sell $400 million of bonds and notes on Wednesday, with retail pricing Tuesday.

New York's Metropolitan Transportation Authority will hold a $1 billion refunding bond sale as budget uncertainty, a court appeal and fare increases hover.

Strained Northeast cities look to service sharing for savings and cost efficiencies, while tearing down old barriers of turf and jobs.

Emerging from Chapter 9 bankruptcy without a bond default is a credit positive for Central Falls and other Rhode Island municipalities, according to Moody's.

Rhode Island General Treasurer Gina Raimondo and Attorney General Peter Kilmartin have launched a hotline to report disability fraud abuse.

Moody's Investors Service upgraded Erie County, Pa. to Aa2 from Aa3.

The chairman of New York's Metropolitan Transportation Authority warned about reducing or even eliminating unlimited fare and other MetroCard discounts.

The Dormitory Authority of the State of New York is expected to sell $50 million of revenue bonds for Fordham University this week.