- New Jersey
Nassau County, N.Y., has selected New Jersey-based United Water to operate and improve the county's three troubled wastewater treatment plants.
May 4 - Pennsylvania
Harrisburg’s City Council tabled its vote to approve the hiring of chief operations officer Ricardo Mendez-Saldivia, citing its concerns over the receivership plan for Pennsylvania’s distressed capital.
May 4 - New York
Fitch Ratings has downgraded the upstate city of Utica’s rating to BBB from A-minus on $41.4 million of unlimited-tax general obligation bonds. The outlook is stable.
May 4 -
The Port Authority of New York and New Jersey last week launched a nationwide search for a chief financial officer to replace Michael Fabiano, who has announced he will retire at the end of this year.
May 4 - New York
New York’s industrial development agencies supported 4,444 projects and provided nearly $500 million in net tax exemptions in 2010, but projects were down and cumulative job gains decreased by 22,000 from 2009, according to an annual performance report by state Comptroller Thomas DiNapoli.
May 4 - New Jersey
Since 2008, the issuance of general obligation debt guaranteed by local governments in New Jersey has almost tripled, according to a report by Moody’s Investors Service.
May 4 -
Fitch Ratings has affirmed its AAA rating on $92.8 million of Series 2003 variable-rate demand bonds and $101 million of Series 2002 VRDBs issued by the New Hampshire Health and Education Facilities Authority.
May 4 -
The Dormitory Authority of the State of New York sold $86.3 million of New York University revenue bonds on Thursday.
May 3 -
Pennsylvania declared the city of Altoona its 27th distressed municipality. C. Alan Walker, secretary of the Department of Community and Economic Development Secretary, made the announcement Thursday. He has 30 days to appoint a recovery plan coordinator for the city under the Act 47 program.
May 3 - Maryland
Maryland Treasurer Nancy Kopp has been a force on her state's political scene for decades, but the veteran politician doesn't mince words when it comes to the negative outlook a major rating agency has put on the Old Line State's triple-A credit rating.
May 2
