Northeast

Legislation that would reduce New Jersey Turnpike Authority tolls prompted a conference call Friday between the agency and Moody’s Investors Service.

Buffalo and Nassau County aren’t just far apart from each other on a map of New York — their finances are moving in opposite directions.

Pennsylvania collected $13.7 billion of revenue from July through January — $264 million, or 2% above budgeted estimates, with help from strong sales, personal income, and business taxes.

The Securities and Exchange Commission has opened an investigation into Rhode Island's bond offerings, state General Treasurer Gina Raimondo announced Thursday.

The New Jersey Turnpike Authority could roll back toll increases to reflect $1.25 billion it no longer needs to spend on a canceled mass transit tunnel project and still meet contractual debt-service coverage levels, according to an analysis from the Office of Legislative Services.

Moody’s Investors Service placed $1.4 billion of outstanding Nassau County, N.Y., debt on review for possible downgrade Wednesday after the county moved to stop an oversight board from controlling its finances.

New York’s new goal of selling half of its bonds competitively drew both praise and criticism from market sources on Wednesday.

The New Jersey Economic Development Authority approved on Tuesday a financing plan with $261 million of tax incentives to help revive the stalled Revel casino project in Atlantic City.

New York Gov. Andrew Cuomo proposed a $132.9 billion all funds budget Tuesday that includes $5.52 billion bonding to finance capital projects in fiscal 2012, a 7.8% increase over the current fiscal year.

The Securities and Exchange Commission will review bond-related documents that Harrisburg provides to investors.