Northeast

New York's Metropolitan Transportation Authority on Wednesday approved a deal surrendering its vacant former downtown Brooklyn headquarters for use by New York University as an applied science center.

Rhode Island saved more than $7 million by refinancing $122.9 million of debt, General Treasurer Gina Raimondo said after Monday's bond issue.

Nassau County, N.Y., is expected on Wednesday to sell $207.1 million of general improvement bonds in a competitive sale and $34.6 million of taxable bond anticipation notes in a negotiated sale.

Mayor Angel Taveras' $638.4 million budget proposal for distressed Providence, R.I., hinges on two large variables: court or union approval of pension overhaul at the local level and greater contributions in lieu of taxes from nonprofit agencies.

After Standard & Poor's raised Philadelphia's low investment-grade credit rating earlier this month, the city's redevelopment agency is scheduled to sell $93.7 million of revenue refunding bonds on Tuesday.

In the largest competitive sale scheduled this week, the New Jersey Economic Development Authority will sell $434.6 million of school facilities construction refunding bonds on Tuesday.

Cities, counties and states continue to struggle with unfunded pension liabilities, prompting the question of whether pension obligations represent debt or values.

Rhode Island Gov. Lincoln Chafee announced that director of policy Brian M. Daniels has agreed to lead the state’s performance management initiative, working with departments and agencies to encourage data-driven decision making.

Buffalo, N.Y., on Tuesday auctioned $39.8 million of bonds in three series at the lowest interest rates in the city’s history.

The New York State Bridge Authority, which operates and maintains New York’s five vehicular bridges spanning the Hudson River, sold $93 million of general revenue bonds on Tuesday in a competitive sale.