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Paul Burton

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MTA, Albany to Dig In Over Capital Plan
January 23, 2015 Leadership chaos in Albany following the arrest of Assembly Speaker Sheldon Silver on federal corruption charges could further...

Moody's: Pa. School District Recovery Plans Target Charter Pressures
January 22, 2015 Pennsylvania's stressed public school districts are devising novel approaches for combating competition from charter schools,...

N.Y. MTA Board Approves Fare, Toll Hikes
January 22, 2015 New York's Metropolitan Transportation Authority approved biennial fare and toll increases of roughly 4%, spread over two years.

MTA Official Cites 'Perfect Coordinates' for Upsized Bond Sale
January 21, 2015 A calm environment atypical for January, low interest rates and the floating rate note enabled New York's MTA to upsize its...

New Britain, Conn., Gets Three-Notch S&P Upgrade
January 21, 2015 Standard & Poor's raised the rating of New Britain, Conn.'s general obligation pension funding bonds three notches to A from...

Hudson Yards Office Tower Announced
January 21, 2015 Nitsui Fudosan, Related Cos. and Oxford Properties plan to build an office tower building at Hudson Yards, adjacent to the...

Oppenheimer Weighs Appeal of Rhode Island Tobacco Ruling
January 20, 2015 Oppenheimer Funds is looking over a judge's dismissal of its challenge to Rhode Island's plan to sell nearly $600 million in...

Analyst: Refundings to Fuel Issuance
January 20, 2015 Issuance could total $325 billion to $375 billion in 2015, Janney bond analyst Tom Kozlik told a Philadelphia investor group.

Stringer: N.Y. City Should Get $2.2B of State Surplus
January 20, 2015 New York City’s "fair share" of the state's $5 billion budget surplus is $2.2 billion, according to city Comptroller Scott...

Pennsylvania's New Governor Faces Serious Fiscal Problems
January 16, 2015 Tom Wolf will inherit a host of economic problems, sliding credit ratings and a thorny political situation when the Democrat...


Contrary to the assertion in a Bond Buyer article that the 2010s may turn out to be the decade of the municipal bankruptcy, it is remarkable how few muni bankruptcies were sought in the wake of the most severe fiscal crisis to hit local governments since the Great Depression.

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