Northeast

Assessments levied on New York’s industrial development agencies have economic development officials and some lawmakers up in arms. Bills due at the end of March began going out to the state’s 116 IDAs last month. The assessments were included in the state’s fiscal 2010 budget and were intended to raise $5 million for the general fund.

Harrisburg Mayor Linda Thompson Friday vetoed the Pennsylvania capital city’s $65 million fiscal 2010 budget because it doesn’t include current-year debt service obligations to bondholders on $282 million of outstanding incinerator debt.

The recession has dealt New York City’s economy a better hand than expected, but city officials yesterday painted New York State’s budget problems as the wild card still in the deck.

Massachusetts will head to market in the next two weeks with $538.8 million of SIFMA-index general obligation debt that will refinance Series 2005A variable-rate bonds.

The Massachusetts Department of Transportation plans to refinance by mid-April up to $2.27 billion of debt that helped fund Boston’s Central Artery Project, known as the Big Dig.

The New York City Housing Authority’s bid for tens of millions of dollars of additional annual federal subsidies to shore up its financially troubled public housing relies on the issuance of about half a billion dollars of bonds.

New Jersey plans to issue requests for proposals for banking services in every negotiated deal going forward rather than picking banks from its current pool of underwriters.

New York’s projected deficit in the current fiscal year and fiscal 2011 grew by $850 million since last month, according to consensus revenue projections released by the Legislature and governor’s office late Monday night.

The Dormitory Authority of the State of New York plans to market $634.4 million of personal income tax bonds this week as the state reels from Gov. David Paterson’s decision Friday not to run for election in November.

The Port Authority of New York and New Jersey yesterday took a step toward cashless tolling at its six state border crossings. The agency approved the design and construction of a new $175 million toll collection system at its monthly board meeting.