Northeast

Cravath, Swaine and Moore LLP will file Thursday its analysis of a potential bankruptcy filing for Harrisburg, Pa., but the City Council may not release that report to the public until next week.

New Jersey Treasurer Andrew Sidamon-­Eristoff Tuesday told lawmakers that Gov. Chris Christie would not sign a fiscal 2012 budget that includes a tax hike on the state’s top earners.

The Internal Revenue Service is auditing $100 million of general obligation bonds that the Reading School District in Berks County, Pa., issued in 2005 to finance school construction and improvements.

The New Jersey Office of Legislative Services Monday said its fiscal 2012 revenue estimates are similar to the governor’s projections, but cautioned that next year’s budget may need to include additional spending for schools.

A flurry of New York issuance helped to boost supply last week in the municipal bond market as buyers grabbed $1.87 billion of debt from the Empire State.

Standard & Poor’s last week revised its outlook on the University of Rochester to positive from stable as revenue growth and limited spending have improved the school’s operating performance.

The Nassau County Interim Finance Authority Thursday approved a wage freeze for Nassau County employees and said the Long Island county’s revised budget fails to address shortfalls.

New Jersey is seeking a financial adviser to assist the state on an upcoming New Jersey Sports and Exposition Authority bond restructuring deal that will help reduce debt service costs in fiscal 2012.

Gov. Chris Christie proposes allocating $140 million of funds in fiscal 2012 to support $1.18 billion of New Jersey Transportation Trust Fund Authority borrowing.

Don’t count on the state for help.That’s the message Mark Page, director of New York City’s office of management and budget, expressed Monday before the City Council’s Finance Committee.