Paul Burton

Calling for a massive overhaul of New York’s Penn Station was easy for Gov. Andrew Cuomo. Now come the questions.

In the latest twist to Pennsylvania's budget crisis, state Treasurer Timothy Reese extended a $2 billion line of credit to the commonwealth to prop up its its general fund balance.

Gov. Andrew Cuomo revived long-delayed plans to overhaul New York’s Pennsylvania Station, saying “big problems require big solutions.”

Pennsylvania phased out its 172-year-old capital stock and foreign franchise tax, with Gov. Tom Wolf calling it “an unfair tax on business” that he was committed to eliminating.

State Treasurer Seth Magaziner and revenue official Paul Dion will discuss tax credit programs before Rhode Island’s House Oversight Committee in its latest 38 Studios-related hearing.

Pennsylvania’s school districts, counties and human services organizations are in store to receive delayed payments the state Treasury completed sending out nearly $3.3 billion.

Pennsylvania Gov. Tom Wolf’s release of emergency school funds through a partial budget signing is a positive for the commonwealth’s school districts, says Moody’s.

New York City Comptroller Scott Stringer announced two policies to modernize procurement processes for vendors.

Scranton, Pa., made a full, on-time payment to its pension system in what local officials consider another step to restoring credit-worthiness.

Early projections of diminished revenues at Plainridge Park Casino say little about the industry’s long-term viability in Massachusetts, said gaming chief Stephen Crosby.

Agreement on $29 billion in capital funding for the MTA was the best moment of the year for New York City transit riders, said the Straphangers Campaign group.

Pennsylvania still lacks a complete budget despite sighs of relief from school districts that will receive catch-up funding.

Over the past 10 years, New York City's overtime spending has increased from $928 million to $1.7 billion, according to the Independent Budget Office watchdog organization.

Gov. Tom Wolf's six-month emergency funding provision for Pennsylvania's school districts is good news for the bond markets, said a municipal credit analyst.

Just how far Connecticut Gov. Dannel Malloy can advance his transportation agenda is uncertain, given the state's budget strains, high debt, and pension liability woes.

In the latest bizarre turn to Pennsylvania's budget drama, the Senate sends Gov. Tom Wolf a trimmer, House-favored $30.3 billion spending plan.

Pennsylvania’s House, after an afternoon of parliamentary back-and-forth, moved toward a vote on the full $30.8 billion budget framework on which Gov. Tom Wolf and Senate leaders agreed.

Standard & Poor's revised its outlook to stable from positive for Wilkes-Barre, Pa.’s GO bonds, citing weaker liquidity.

New York City will end the fiscal year with a $963 million surplus, or $828 million more than Mayor Bill de Blasio's estimate, said the watchdog Independent Budget Office.

The Connecticut Housing Finance Authority issued more than $400 million of bonds in 2015, including a $30 million sale in December backed by strong retail demand.