Northeast

When Woonsocket, R.I., sold deficit notes last year, it came at a high price, but it brought benefits as well. Unlike Central Falls, whose fiscal crisis prompted a change in Rhode Island law last year, Woonsocket has worked with the state to address its problems and last week fixed out its notes as short-term bonds.

Gov. Tom Corbett has lifted a restriction on additional natural-gas drilling in Pennsylvania that could allow more extraction in the Marcellus Shale region.

New York's pension fund has regained much of the value it lost in the recession but still has a way to go, according to pension returns released by the comptroller's office last week.

The Dormitory Authority of the State of New York last week gave final approval to $150 million of bonds for a university and preliminary approval to $72.8 million for lower education projects.

New Jersey residents in fiscal 2009 paid the highest state and local taxes in the U.S., according to report released last week from the Tax Foundation.

TRENTON — New Jersey Gov. Chris Christie Tuesday released a $29.4 billion spending proposal for fiscal 2012 that includes property-tax relief — if the Legislature passes health-care reform legislation.

A proposed change to the federal low-income housing tax-credit program would help affordable housing projects reach more income levels and make the credits more attractive to investors, according to New York officials.

A New York State judge on Friday temporarily blocked a key provision of a control board’s takeover of Nassau County’s finances.

New York City Mayor Michael Bloomberg backed off from deep cuts in the city’s 10-year capital plan in his preliminary fiscal 2012 budget released Thursday.

Connecticut Gov. Dannel Malloy on Wednesday proposed a $18.27 billion general fund budget for fiscal 2012 that doesn’t borrow for operating expenses and would reduce a planned deficit borrowing in the current fiscal year.