Harrisburg, Pa., Treasurer Charged with Theft from Nonprofit
Harrisburg, Pa., Treasurer John Campbell has been charged with theft from a nonprofit he used to run, said Dauphin County District Attorney Ed Marsico.
Image: Bloomberg News
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State Treasurer Steven Grossman is cutting into Attorney General Martha Coakley's lead in the Democratic race for Massachusetts governor, according to a poll.  more »
A hurricane financing expert praised a $56 million plan by the U.S. Department of Agriculture to harden parts of New York City through wetlands protection.  more »
Atlanta-based IFS Securities hired former New York Gov. David Paterson as chief strategist of U.S. affairs and chairman of the firm's advisory board.  more »
Connecticut State Rep. Diana Urban wants to create a results-based accountability report card for nonprofits to prevent further Amistad-type fiascoes.  more »
New York City has reached tentative seven-year, four-month contract agreements with SEIU Local 300 and the United Probation Officers Association, Mayor Bill de Blasio said.  more »
A recent Moody's downgrade of the Philadelphia School District to Ba3 was another indication of the district's growing financial problems, but a state intercept program insulates holders of the district's $3.1 billion in bonds from those troubles.  more »
New York City's Department of Education failed to recoup a cumulative $356 million in federal Medicaid funds between fiscal 2012 and 2014, said city Comptroller Scott Stringer.  more »
S&P lowered its rating to AA-minus from AA on Berks County Municipal Authority, Pa.'s revenue refunding bonds, issued for Reading Health System.  more »
Lockport, N.Y. government may run out of money by the end of August, a spokesman for New York Comptroller Thomas DiNapoli said Thursday.  more »
A court-appointed receiver will oversee the operations of the troubled nonprofit that operates Connecticut's flagship replica slave vessel Amistad.  more »
A plan by New England's governors to expand natural gas capability is in question after Massachusetts tabled its support.  more »
The Puerto Rico Electric Power Authority's decision in its forbearance agreement to disclose certain information to only some its bondholders could put both PREPA and those investors at an increased risk of committing securities law violations, disclosure experts said Wednesday.  more »
General Treasurer Gina Raimondo has moved ahead of Providence Mayor Angel Taveras in the Democratic primary for Rhode Island governor, according to a poll.  more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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