Northeast

Lieut. Gov. Robert Duffy said the size of the role that bonds will play in New York Gov. Andrew Cuomo’s economic development program is uncertain and will include the creation of regional economic development councils.

Massachusetts estimates that it will collect $20.51 billion of tax revenue in fiscal 2012, about $740 million more than the projected revenue for fiscal 2011, as Gov. Deval Patrick Tuesday announced pension-reform initiatives.

Harrisburg’s $56 million 2011 budget remained uncertain Friday afternoon as Mayor Linda Thompson continued to review the spending plan.

Recurring losses from operations, a net-asset deficiency, and negative working capital are among the financial shortfalls revealed in a recent independent audit by KPMG LLC of the Resurrection Nursing Home, a nonprofit facility in Castleton, N.Y.

Harrisburg could receive a financial recovery plan by ­­mid-May as Pennsylvania ­Wednesday announced that Novak Consulting Group will head a team of advisers to work with city ­officials on a fiscal strategy.

Nancy Winkler, a long-time adviser at Public Financial Management Inc., will leave the private sector to become Philadelphia’s treasurer on Jan. 31.

Democrats aim to scale back scheduled toll increases on the New Jersey Turnpike after Gov. Chris Christie terminated a Hudson River commuter-rail tunnel they were meant to help finance.

TRENTON — New Jersey Gov. Chris Christie Tuesday delivered his first state of the state address, pledging to reform the state’s tax structure and continue spending cuts.

Public-private partnerships could offer some new and useful financing options for New York’s infrastructure needs but they come with risks, according to a report released by the state comptroller’s office Monday.

New Jersey now has until Jan. 18 to repay $271 million to the Federal Transit Administration for a canceled commuter-rail tunnel. The previous deadline was Monday.