Northeast

Nassau County, N.Y., plans to competitively sell $141.7 million of general obligation bonds Wednesday.

States and municipalities in the Northeast sold $58.9 billion of debt in 1,062 issues during the first six months of 2010, eking out a 2% increase over the first half of 2009.

Newark, the largest city in New Jersey, must now look towards additional spending cuts and tax increases to fill a $70 million shortfall in its $600 million fiscal 2010 budget as the municipal council last week tabled Mayor Cory Booker’s plan to create a new utility authority.

The Port Authority of New York and New Jersey on Thursday approved a $1.2 billion expansion of a terminal at John F. Kennedy International Airport on behalf of Delta Air Lines and its partners.

Massachusetts hospitals and higher educational institutions could face higher borrowing costs in the future as the state plans to fold the Massachusetts Health and Educational Facilities Authority into the Massachusetts Development Finance Agency.

The passage of the final piece of New York’s budget on Tuesday night clears the way for almost $2 billion of personal income tax bond deals to move forward next month.

The New York City Capital Resource Corp. on Tuesday gave final approval to $28 million of recovery zone facility bonds to finance a cement facility on Staten Island.

Public sector spending on new institutional construction in New York City outpaced private spending during a recent two-year period, according to a building industry report.

New York City Mayor Michael Bloomberg appointed a chief investment adviser Monday to consult with his representatives about city pension funds.

The New Jersey Transportation Trust Fund Authority plans to use an outside financial adviser to help craft a financing plan as it faces the prospect of running out of money for new capital projects by July 2011.