Northeast

Moorestown, N.J. approved $11.9 million of bonds or notes to finance the construction of a new municipal library and town hall building.

The Massachusetts Water Pollution Abatement Trust received $77.5 million in grant funding to support low-interest water loans, Treasurer Steven Grossman announced.

Standard & Poor's affirmed Connecticut general airport revenue bonds for Bradley International Airport at A-minus, and assigned that rating to a new deal.

After an overhaul of its parking authority, the Scranton, Pa., City Council voted unanimously to cover an authority bond payment due Saturday.

Connecticut has scheduled a $570 million sale of general obligation new money and refunding bonds for next week, with Siebert Brandford Shank the lead manager.

More than a third of Massachusetts hospitals lost money in fiscal 2011, according to a state report that comes as providers brace for a cost-containment law.

To no one's surprise, Harrisburg, Pa., will miss its GO bond payment for the second time this year. Observers say the move won't ripple the bond markets.

Suffolk County, N.Y., is expected to sell $105 million of delinquent tax anticipation notes on Wednesday, a day before its legislature will decide whether to sell its nursing home for $23 million.

Standard & Poor's assigned its AA long-term rating to Connecticut's $570 million of GO bonds while affirming that rating on its $15 billion of debt outstanding.

Baird has expanding its public finance team in Philadelphia by adding Timothy Connor as a director.