Northeast

New York City continues to gush water bonds with a $400 million deal expected to price tomorrow and another $327.1 million next week.

A group of Allegheny County, Pa., residents angered over the planned closing of Braddock Hospital are trying to stop a $1.17 billion University of Pittsburgh Medical Center refunding deal and anticipate filing suit against a state conduit agency if it moves ahead with the bond sale.

The New York State Thruway Authority authorized up to $1 billion of bonds secured by the state’s second general resolution dedicated highway and bridge trust fund at its monthly board meeting yesterday.

WASHINGTON — Maryland Gov. Martin O’Malley yesterday released a proposal for the state’s fiscal 2011 budget that would reduce reserve fund contributions and increase public debt by 7.1% over fiscal 2010.

New York City Mayor Michael Bloomberg yesterday called on state lawmakers to protect the city from proposed cuts in the proposed budget. New York Gov. David Paterson on Tuesday proposed cutting $302 million of local aid to the city in his fiscal 2011 executive budget.

New York Gov. David ­Paterson proposed an all-funds $134 billion fiscal 2011 budget yesterday that keeps spending growth below 1%. The proposed budget would close a $7.4 billion deficit primarily through a series of cuts, but also through tax and fee increases.

New York’s Metropolitan Transportation Authority will begin consolidating internal departments and maximizing its resources to produce savings and make the system more efficient, agency chairman and chief executive officer Jay Walder announced Friday.

Governor-elect Chris Christie yesterday announced his nomination of Andrew Eristoff, a former finance commissioner for New York and New York City, to serve as New Jersey’s next treasury secretary.

Massachusetts Gov. Deval Patrick yesterday announced that the state anticipates receiving $19.05 billion of tax revenue in fiscal 2011, about $590 million more than officials estimate collecting in the current fiscal year.

The New York Legislature yesterday offered an ethics and campaign finance reform package with much less punch than a proposal offered by Gov. David Paterson last week.