Northeast

Receivership looms for Woonsocket, R.I., after a bill allowing the city to assess a 13% supplemental property tax levy to cover a $10 million budget gap died in the Rhode Island House early Wednesday.

After receiving confirmation of its Baa3 rating, Long Beach, N.Y., plans to issue $5 million of cash-flow notes late next week.

The Massachusetts House on Wednesday will take up a bill to close most of the $51 million deficit in the Massachusetts Bay Transportation Authority’s budget for the fiscal year beginning July 1.

Nassau County, N.Y., is planning to issue up to $192 million of general obligation bonds to pay for property tax refunds and other settlements — with or without approval from its control board, the Nassau County Interim Finance Authority.

New York City’s Department of Transportation on Monday issued a request for statements of qualifications to operate its 81,000 street meters in a private management agreement.

The Maine Turnpike Authority, operator of a primary travel corridor through southern Maine, is proposing toll increases that would raise $26.5 million to meet its present and long-term financial needs.

Connecticut has scheduled a $518 million general obligation refunding bond sale for Tuesday, while concerns mount over the state’s dwindling available cash and the possible need for extra borrowing to pay bills.

The analogy hit Anthony Figliola right away when 38 Studios, Curt Schilling's beleaguered video-game company in Providence, filed for bankruptcy.

In one of the largest deals scheduled for the municipal market this week, the Dormitory Authority of the State of New York is expected to sell $2 billion of state personal income tax revenue refunding bonds on Wednesday.

Moody’s Investors Service revised the outlook to negative from stable on the Philadelphia School District’s general obligation bonds, and affirmed its underlying Ba1 rating.