Northeast

New York lawmakers on Monday were expected to pass an emergency spending bill that counted on revenue from increased cigarette taxes.

New York’s practice of delaying payments to local governments and school districts to manage its cash-flow difficulties is causing headaches for aid recipients, who have responded with a variety of financial gymnastics.

The insolvent city of Central Falls, R.I., will transition from judicially appointed receivership to state receivership under a consent order granted Friday in Superior Court.

Swap Financial Group LLC is making a second bid to become the derivatives adviser for New York’s Metropolitan Transportation Authority, after trimming fees one authority official labeled “usurious.”

The New Jersey Educational Facilities Authority is seeking requests for qualifications to provide it with post-issuance analysis for tax-compliance issues.

The Internal Revenue Service temporarily withheld Build America Bond subsidies from New York City, Comptroller John Liu’s office said Wednesday.

Massachusetts on Wednesday announced plans beginning this week to issue its final fiscal 2010 new-money general obligation bond offering, $250 million of tax-exempts geared toward retail ­investors.

New York Gov. David Paterson said Tuesday he plans to submit budget bills and threatened to include them in next week’s emergency spending bills if they aren’t passed.

New York State’s late budget has delayed a $1.3 billion personal income tax bond deal that was expected to come to market this month.

A Port Authority of New York and New Jersey official reassured New Jersey lawmakers yesterday that the agency is moving quickly to update or replace the Bayonne Bridge, a move that would potentially increase shipping activity in the area.