Northeast

Nassau County, N.Y., finally got the budgetary go-ahead from its state-appointed oversight board, but the overseer is far from happy.

Standard & Poor’s affirmed its BBB-plus credit rating and stable outlook for the not-for-profit ACTS Retirement-Life Communities of West Point, Pa.

Pennsylvania collected $1.7 billion in general fund revenue in November, Secretary of Revenue Daniel Meuser reported.

Metro Bank filed a nearly $52,000 mortgage foreclosure action against Harrisburg Mayor Linda Thompson in Dauphin County Court, the Harrisburg Patriot-News reported.

The Dormitory Authority of the State of New York approved $531 million in financings for higher education and health care, including $340 million in 23-year, fixed or variable-rate tax-exempt bonds for the Memorial Sloan-Kettering Cancer Center.

The New York City Transitional Finance Authority sold $650 million in new-money building aid revenue bonds last week.

A proposal to allow the New York Department of Health to replace hospitals' leadership would be a credit positive, Moody's Investors Service said.

The cancellation of a project to renovate the 70-year-old Brooklyn-Queens Expressway and a connecting portion of the Gowanus Expressway, both part of Interstate 278 in New York City, has prompted calls for a state law allowing public private partnerships.

Fairfield, Conn., opened its third train station, Fairfield Metro, to commuters last week.

While it's unlikely to singlehandedly trigger a rating upgrade, the New York Legislature's approval of Gov. Andrew Cuomo's overhaul of the state income tax code is a step in the right direction, muni market observers say.