Northeast

The insolvent city of Central Falls repaid $4.1 million of tax anticipation notes on time last week, Rhode Island officials said.

New Hampshire Gov. John Lynch last week signed a $3.62 billion 10-year transportation plan into law.

New Jersey Gov. Chris Christie announced an alternative, statutory property-tax cap initiative Thursday that would not amend the state’s constitution, opening the door for a potential bipartisan agreement on the divisive issue.

New York expects to sell $5.9 billion of bonds to partially finance $10.87 billion of capital spending approved in the fiscal 2011 budget, which lawmakers said is nearly finished.

Harrisburg Friday may select qualified financial advisers to participate in a request for proposal process, as Pennsylvania’s capital city looks towards addressing $282 million of outstanding incinerator debt that is in technical ­default.

Massachusetts Gov. Deval Patrick yesterday signed into law a $27.6 billion fiscal 2011 budget as lawmakers continue to work on legislation that would restructure general obligation bonds to reduce fiscal 2011 debt-service costs. Fiscal 2011 begins today.

The New York City Council passed a $63.1 billion budget Tuesday evening that includes $8.92 billion of bonds to be sold to partially finance the city’s capital program.

Moody’s Investors Service Wednesday downgraded $2.68 billion of subordinate Pennsylvania Turnpike Commission bonds to A3 from A2 and assigned a negative outlook to the credit.

New Jersey Gov. Chris Christie Tuesday signed into law a $29.38 billion spending plan that includes debt restructuring to move costs into future years and skips a $3 billion contribution to the state pension plan.

The Dormitory Authority of the State of New York will be able to issue tax-exempt bonds for nonprofits in the manner previously handled by Industrial Development Agencies, under legislation Gov. David Paterson submitted Tuesday.