Northeast

The Port Authority of New York and New Jersey will earmark about half a billion dollars to renovate the 80-year-old George Washington Bridge, using money from toll and fare increases the bi-state agency recently implemented.

Warning that "Providence is in peril," Mayor Angel Taveras repeated his call for retirees to accept pension cuts and tax-exempt institutions to pay more, to keep the city from running out of money by the end of June.

The Commonwealth Court of Pennsylvania will hold a public hearing on receiver David Unkovic’s financial recovery plan for capital city Harrisburg on March 1.

Gov. Tom Corbett on Monday night signed a bill that lets Pennsylvania counties impose a fee on natural gas wells in the Marcellus Shale region.

Stung by a scathing auditor's report that called the Port Authority of New York and New Jersey dysfunctional, its board of commissioners responded by saying it would not be business as usual at the bi-state agency.

The Rhode Island State Investment Commission this week will hear presentations from the four vendors recommended as semifinalists to administer the state’s new defined-contribution program, according to General Treasurer Gina Raimondo.

A Rhode Island Superior Court judge’s preliminary injunction preventing the state’s capital, Providence, from moving retirees who are 65 and older off the city’s health insurance plan and into Medicare is a credit-negative, said Moody’s Investors Service.

The Hudson Yards Infrastructure Corp. learned that the New York State Department of Taxation and Finance has erroneously sent notices to state taxpayers who were holders of the corporation’s bonds, saying that all or a portion of the interest paid on the debt is subject to the state’s personal income tax.

The restructuring of three series of variable-rate demand bonds totaling $500 million by New York’s Triborough Bridge and Tunnel Authority is a credit-positive because it eliminates the risk of failed remarketings related to the credit of failed Dexia Credit Local, Moody’s Investors Service said in a report.

New York’s fiscal 2012-13 executive budget continues the progress made in the currently enacted budget to close an immediate projected gap as well as narrow out-year shortfalls, according to an analysis by state Comptroller Thomas DiNapoli.