Northeast

Massachusetts has a budget for fiscal 2013 while South Carolina remains the only state without one, 11 days into the new fiscal year.

The broke city has yet another problem. It can't sell its sewer conveyance system to a local authority, as projected, because the authority has owned it since 1968.

In the aftermath of financial guarantees by Scranton, Penn. and Stockton, Calif. recently contributing to the cities' defaults, the Government Accounting Standards Board is seeking to improve the visibility of these guarantees.

William Lynch wants a state court to force the City Council to raise the earned-income levy to 1.5% from 0.5%.

The Council of Development Finance Agencies recognizes the Massachusetts conduit issuer for crafting a tax-exempt bond for the school's Gateway Park research complex.

The Massachusetts Port Authority, which needs to shuffle gates at Boston's airport to accommodate the United-Continental merger and JetBlue expansion, plans to sell $285 million in new money and refunding.

State building aid payable to the city secures the bonds under the School Financing Act.

Linda Thompson proposes ending a five-year old incinerator fee agreement with the Harrisburg Authority public works agency that she said would redirect $275,000 per year to Pennsylvania's distressed capital city.

The joint venture between The Carlyle Group and Sunoco, Inc. that will save a Philadelphia refinery from closing its doors is a credit positive for the city, Moody's Investors Service said.

A Lackawanna County, Pa., judge late Friday enjoined Scranton from paying its employees only the federal minimum wage, but the mayor of the cash-strapped city said there's no money left with which to comply.