Northeast

Outgoing New Jersey Gov. Jon Corzine asked the Legislature not to pass any measures that would increase spending during the remainder of his term.

Pushing principal and interest costs out to future years has weakened the Massachusetts Bay Transportation Authority’s balance sheet, with an independent report released yesterday estimating the mass transit agency faces a cumulative structural deficit of $1.19 billion by fiscal 2014.

Voters in the Northeast approved $570.8 million of borrowing, including a $400 million open-space initiative in New Jersey, as New York City Mayor Michael Bloomberg won a third term and New Jersey Gov. Jon Corzine lost to Republican candidate Chris Christie.

Yale University priced $1 billion of five-year taxable fixed-rate notes yesterday. The notes, which will mature in five years, will be used to take out $560 million of taxable commercial paper and provide working capital.

The Municipal Bond Club of New York is hosting a charity event to raise money for children with Down syndrome.

WASHINGTON — Montgomery County, Md., expects today to competitively sell $397 million of refunding and new-money bonds in its largest deal ever. The sale could include the triple-A county’s first issuance of Build America Bonds.

Massachusetts Gov. Deval Patrick Friday announced five members to serve on the board of the state's new transportation bonding authority, the Massachusetts Department of Transportation.

New York's Metropolitan Transportation Authority will be looking across the pond for ideas on how to improve service and management and how to address its capital needs.

The Hospital for Special Surgery in New York City will begin a retail order period tomorrow for $85 million of bonds secured by a Federal Housing Administration-insured mortgage.

Pennsylvania's Commonwealth Financing Authority will issue $400 million of debt Wednesday, including $335.6 million of taxable Build America Bonds, for water and sewer projects throughout the state.