Paul Burton

After passage of a $31.5 billion budget, S&P Global Ratings removed Pennsylvania from credit watch with negative implications.

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.

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.

The speed of Pennsylvania's response to its $1.2 billion budget imbalance will make a difference when it sells general obligation bonds next week.

Federal Chapter 9 policy is ill-defined and fluid, a bankruptcy expert said at a municipal finance conference at the Brookings Institution in Washington.

While the Yankees' and Mets' ballparks received upgrades of late, Yankee Stadium is a stronger credit than Citi Field, said Moody's.

Bond rating agencies, muni analysts and even constitutional experts are watching Pennsylvania after the governor let an unbalanced budget take effect without his signature.

Gov. Tom Wolf said he would let Pennsylvania's $31.5 billion budget become law without his signature if lawmakers cannot agree on how to plug a $1.3 billion hole.

Brexit, the United Kingdom’s referendum vote to leave the European Union, may complicate the fiscal strife facing many Northeast states by adding another variable to problems that were already present.

Providence, R.I., Mayor Jorge Elorza wants to put a $40 million neighborhood infrastructure bond before city voters in November.

New York City failed to collect nearly $60 million in revenue over six years thanks to improper tax breaks to dead people and corporations, said Comptroller Scott Stringer.

New York MTA's plans for new fare-payment systems spotlight how an agency tries to juggle longstanding problems with challenges of tomorrow.

The New York City Transitional Finance Authority intends to sell $1.05 billion of future tax-secured subordinate bonds in July.

Massachusetts lawmakers send Gov. Charlie Baker a $39.1 billion budget amid ever-widening revenue gap projections.

Pennsylvania's legislature sent Gov. Tom Wolf a $31.5B on-time budget. All that's needed is $1.2 billion to balance it.

Working against deeper budget deficit estimates, Massachusetts House and Senate leaders are negotiating a budget for the new fiscal year that will start Friday.

Pennsylvania's House of Representatives on Tuesday night passed a $31.6 billion budget bill as the deadline hovers for a new fiscal year.

The Connecticut Housing Finance Authority intends to offer up to $63 million in fixed-rate bonds on Tuesday and $23 million as variable rate on July 13.

Market turmoil following the Brexit vote emphasizes the need for diversification of pension funds, said New York City Comptroller Scott Stringer.

A transfer from Connecticut's rainy-day fund to cover a projected $316 million fiscal 2016 budget gap would be a credit negative, Moody's said.