Northeast

When Burlington several years ago set out to build a municipal telecom network, it envisioned a self-sustaining system providing fiber-optic internet service to residents, business, and government in Vermont’s most populous city.

The Magen David Yeshivah in Brooklyn has received a forbearance from its insurer after failing to meet its financial obligations on a $38.5 million bond issuance.

New Jersey Gov. Chris Christie today is set to sign an initiative to limit annual property tax increases to 2% in the state, which has some of the nation’s highest taxes.

WASHINGTON — The Maryland Transportation Authority this week expects to price $299 million of revenue bonds for construction projects, the bulk of which will finance continuing construction of the InterCounty Connector.

New Jersey officials are working on redeveloping an Army base in Monmouth County to revamp the site for civilian use and transform it into a center of economic activity in the region.

WASHINGTON — New York City Comptroller John Liu is calling on the state’s congressional delegation to press the Internal Revenue Service to provide consistent and specific guidance on controversial issues surrounding the Build America Bond program.

The Durst Organization is negotiating to buy a $100 million equity stake in One World Trade Center, the Port Authority of New York and New Jersey announced Wednesday.

The Georgetown Special Taxing District in Connecticut received a forbearance last week on $1.5 million of tax anticipation notes after failing to pay them on time.

The New York State Legislature ­adjourned last week without passing a complete budget, but a few bond-related bills still squeaked through the political deadlock.

Pennsylvania Gov. Edward ­Rendell Tuesday signed a $28 billion general fund budget for fiscal 2011 after ­legislators worked through the holiday weekend to increase the state’s bonding capacity for redevelopment and establish a $1.55 billion capital spending plan.