Paul Burton is the Northeast Regional Editor for The Bond Buyer. His major coverage has included New York City and MTA finances; the Harrisburg, Pa., debt crisis; the 38 Studios bond financing fiasco in Rhode Island; and unfunded pension liability. Paul hosts podcasts and videos and has moderated at Bond Buyer conferences. Previously, Paul was senior editor and copy chief at M&A-oriented financial media company The Deal LLC. His award-winning career has spanned financial, sports and political journalism. A Boston native, Paul is the author of the book “Tales from the Newsrooms.” He is a frequent public speaker and has appeared as an expert on municipal debt on radio and television shows, including former CBS News White House correspondent Sharyl Attkisson’s public-affairs program, “Full Measure.”
- New York
New York City Comptroller Scott Stringer lambasted City Hall for operational snafus in the sale of a Lower East Side nursing home to a luxury condominium developer.
August 2 -
New YorkA robust toolbox of financing programs helped a New York agency sell $1.3 billion of bonds last year to help further the city's affordable housing thrust, said its chief.
August 1 -
Rhode Island wont file criminal charges related to 38 Studios, frustrating those who want to know more about the deal behind Curt Schillings video-game company.
August 1 -
New YorkNew York City faces outyear budget gaps of as high as $4 billion by fiscal 2019 according to an analysis by city Comptroller Scott Stringer.
July 27 -
New York MTA expects to save roughly $152 million in interest from its planned $1 billion sale of Hudson Yards lease securitization bonds, said CFO Robert Foran.
July 27 - Rhode Island
The Rhode Island Health and Educational Building Corp. reported saving $13.4 million in its $86.4 million bond refunding for public schools.
July 27 -
Federal corruption charges against a former state treasurer did not motivate a probe of Pennsylvania's two public pension systems, said state Auditor Eugene DePasquale.
July 26 - Pennsylvania
Pennsylvania Auditor Eugene DePasquale plans to investigate the state's two largest pension systems, saying he wants to ensure that both systems are operating as efficiently and transparently as possible.
July 25 -
New York MTA intends to close the Canarsie Tunnel between Brooklyn and Manhattan for 18 months beginning in 2019 to repair Hurricane Sandy damage.
July 25 -
PennsylvaniaA rating agency sees progress in Pennsylvanias new budget toward reducing the underfunding of its pension systems, though skepticism remains abundant about the states approach to the problem.
July 22 -
Biotech Amgen has agreed to pay $95 million to settle a class action filed on behalf of investors with Connecticut Retirement Plans and Trust Funds as lead plaintiff.
July 21 - Pennsylvania
Pennsylvanias $1.3 billion revenue package that balanced its fiscal 2017 budget is a strong step toward long-term budget balance, said Moodys.
July 20 - Connecticut
Kroll's downgrade to AA-minus should have little effect on Connecticut's $500 million GO sale, said state Treasurer Denise Nappier.
July 20 - Connecticut
Connecticut, which expects to empty most of its rainy-day fund as it struggles with its budget, received a downgrade from Kroll Bond Rating Agency
July 19 -
The MBTA, which operates mass transit in Greater Boston, has issued a request for qualifications regarding an automated fare collection system.
July 19 -
PennsylvaniaAfter passage of a $31.5 billion budget, S&P Global Ratings removed Pennsylvania from credit watch with negative implications.
July 19 -
Gov. Tom Wolf signed a $31.5 billion budget after lawmakers filled a $1.3 billion gap through a patchwork of tax hikes and revenue assumptions.
July 14 -
A dispute over parking payments continues amid S&P Global Services' downgrade to junk bond status of bonds that funded a long-term parking lease.
July 13 -
PennsylvaniaThe speed of Pennsylvania's response to its $1.2 billion budget imbalance will make a difference when it sells general obligation bonds next week.
July 13 -
Federal Chapter 9 policy is ill-defined and fluid, a bankruptcy expert said at a municipal finance conference at the Brookings Institution in Washington.
July 12
