Northeast

Moody’s Investors Service has placed the Ba3 rating on the Harrisburg Parking Authority’s $18 million of outstanding guaranteed Series 2007T revenue bonds on review for possible downgrade.

All governmental funds tax collections for the first half of New York State’s 2011-12 fiscal year rose 12.6% from the same period last year, but were $391.9 million less than updated financial plan projections, according to the September 2011 cash report released by Comptroller Thomas DiNapoli.

The New York City Mayor’s Office of Management and Budget, the Comptroller’s Office, and three of the city’s financing entities have announced the selection of financial, pricing, investment and swap advisors.

Standard & Poor’s assigned its A long-term rating to the Massachusetts Development Finance Agency’s Series 2011 bonds issued for Clark University and affirmed the underlying A on outstanding bonds issued for the university by the agency.

Connecticut’s treasurer called the state’s $900,000 settlement with the three rating agencies a major step forward.

New York Gov. Andrew Cuomo on Thursday named Madison Square Garden executive and former New York City deputy mayor Joseph Lhota to succeed Jay Walder as the chairman and chief executive of the Metropolitan Transportation Authority.

Pennsylvania's House Wednesday passed a bill that would allow Gov. Tom Corbett to declare a state of fiscal emergency in the capital, Harrisburg, and appoint a receiver to run its finances.

New Hampshire plans to sell $100 million of general obligation capital improvement bonds Thursday through competitive bid.

Pennsylvania's Senate on Tuesday afternoon approved a bill to put its capital, Harrisburg, into receivership.

Rhode Island's General Assembly was scheduled to meet late Tuesday afternoon in special session to consider overhauling the state's pension system.