Northeast

WASHINGTON — Maryland lawmakers are considering a 10-cent-per-gallon increase to the state’s 23.5-cent gas tax, but the government may not be able to use the potential revenue increase to back bonds for transportation projects because there is limited room under its debt cap.

New York State will sell $830 million of new-money and refunding general obligation bonds via competitive bid on Tuesday to help finance transportation and environmental infrastructure needs and generate debt service savings.

Nassau County, N.Y., Executive Edward Mangano Wednesday announced $121.2 million of budget cuts and “hundreds” of layoffs to help balance the $2.6 billion budget for fiscal 2011.

The New York Senate passed its ­fiscal 2012 budget and the Assembly was set to pass its spending plan as lawmakers continue to disagree on whether to ­extend a tax increase for millionaires.

Four former superintendents of the New York Insurance Department argued Sunday that the regulating body didn’t have the authority to approve bond insurer MBIA Inc.’s February 2009 ­restructuring.

The Nassau County Interim Finance Authority will remain in control of Nassau County, N.Y.’s finances, as a judge Monday rejected the county’s request for a temporary injunction to stop NIFA’s supervision.

New York City Mayor Michael Bloomberg and fellow officials Monday touted a $3.3 billion maritime initiative to revive the city’s 520 miles of shoreline to help boost economic development and address environmental needs.

Boston Wednesday will sell $181.5 million of new-money and refunding general obligation debt via competitive bid, including $41.6 million of taxable qualified school construction bonds.

For more than a year, Harrisburg’s incinerator facility and its heavy debt load have epitomized public finance gone wrong.

Full-time New York City employees earn about 17% less, on average, than full-time private-sector workers, according to a report issued last week by city Comptroller John Liu.