Northeast

Massachusetts is looking to form a pool of financial advisers to assist it with upcoming bond and note deals.

The Dormitory Authority of the State of New York approved $2.31 billion of personal income tax bonds at a special board meeting in Albany yesterday.

WASHINGTON — Maine is the first state or local government to obtain a credit opinion from the National Association of Insurance Commissioner’s Securities Valuation Office for a new issue of municipal bonds.

The Massachusetts Department of Transportation this week will price $893.8 million of fixed-rate senior revenue bonds to refinance Metropolitan Highway System debt it took on from the former Massachusetts Turnpike Authority, followed by a $207.6 million variable-rate senior debt sale.

The New York City Transitional Finance Authority plans to market its first qualified school construction bonds tomorrow as part of a $1.39 billion deal that began taking retail orders on Friday.

New York’s cash-strapped Metropolitan Transportation Authority announced yesterday that a reorganization of its bridge and tunnel maintenance operations would save $25 million annually.

The Port Authority of New York and New Jersey is pioneering a unique type of public-private partnership to replace the aging Goethals Bridge.

A federal judge Wednesday issued a temporary restraining order blocking New York Gov. David Paterson’s plan to save funds by furloughing state employees starting next week. Three unions sued Paterson after the Legislature Monday passed an emergency spending bill that included the furlough plan.

New York’s public authorities are proliferating and in some cases duplicating the work of others, the chairman of a task force on the implementation of an authority reform law said yesterday.

Massachusetts voters in November could face a ballot initiative to reduce the sales tax to 3% from 6.25%, a change that would slash collections by $2.5 billion in fiscal 2012.