Northeast

New York's independent Authorities Budget Office needs additional funding to effectively carry out its oversight mission, a state task force reported Monday.

Rockland County, N.Y., plans to competitively sell $33.8 million of tax-exempt general obligation bonds on Thursday.

New York City has begun another round of applications for recovery zone facility bond financing, even though it has already selected projects that would use its entire $121 million allocation.

Massachusetts is set Wednesday to issue via competitive bid $358 million of taxable general obligation Build America Bonds and $1.2 billion of tax-exempt GO revenue anticipation notes.

Moody’s Investors Service Friday placed Newark, N.J.’s general obligation bond rating on review for possible downgrade as the city has less than three months to close a $70 million current-year budget deficit.

The Pennsylvania Turnpike Commission is gearing up to sell about $600 million of revenue debt on Wednesday, including taxable Build America Bonds, to help finance infrastructure needs on the state’s 535-mile toll road.

A decision more than a year ago to invest in financial modeling that addresses New York’s complicated finance laws paid off for Loop Capital Markets Inc.

The Harrisburg Authority will pay its entire $2.2 million, Sept. 1 payment to holders of incinerator bonds with debt reserve funds, as an incomplete board threatens the Pennsylvania agency’s ability to move ahead with needed business actions.

Connecticut Gov. M. Jodi Rell Tuesday postponed a meeting of the State Bond Commission until Aug. 17 after a member complained about lack of information.

Use it or lose it. New Jersey’s Treasury Department plans to prod agencies into using an existing $1 billion of various general obligation bond funds, or the state may use them to help pay down GO debt or possibly meet other costs.