Paul Burton

Regardless of how or when Pennsylvania settles its budget impasse, pension underfunding will probably linger, said one actuarial expert.

Veronique ‘Ronnie’ Hakim returns as MTA New York City Transit president after 18 months as NJ Transit executive director.

Rhode Island selected Invesco and Ascencus to manage its $7 billion CollegeBoundfund 529 program, replacing AllianceBernstein.

A proposal to split up the main employee pension fund has triggered debate in Connecticut, where an unfunded liability mess contrasts with enviable per-capita income statistics.

A Rhode Island oversight panel voted to ask House Speaker Nicholas Mattiello to subpoena former baseball star Curt Schilling over the 38 Studios debacle.

New York’s transit workers union chief and the CEO of a paratransit vendor plan to meet again in the hopes of averting a strike over working conditions.

Higher interest rates could challenge New York’s Metropolitan Transportation Authority over the next few years, said its chief financial officer.

Rhode Island selected Public Resources Advisory Group as its financial advisor, General Treasurer Seth Magaziner announced.

Unrated Scranton, Pa., is taking steps to regain the good graces of the capital markets, said its mayor and business administrator.

New York MTA plans $700 million of new-money transportation revenue bond anticipation notes and a $43.8 million remarketing next month, said finance manager Patrick McCoy.

The Connecticut Teachers' Retirement Board lowering its long-term investment return assumption to 8% from 8.5% is a credit positive for the state, said Moody's.

Federal, state and New York City officials met with MTA Chairman Thomas Prendergast to discuss how to fast-track Second Avenue subway line extension to Harlem.

Pennsylvania's prolonged budget impasse is a credit negative for school districts and community colleges that rely on state-aid distributions, said Moody's.

New York City’s November financial plan update for fiscal 2016 reveals a $304 million surplus, said Mayor Bill de Blasio.

The Massachusetts School Building Authority intends to sell $1 billion of senior sales tax refunding bonds over the next two weeks.

Pennsylvania Gov. Tom Wolf and lawmakers say a budget outline is in place, though many variables linger in the commonwealth's five-month budget impasse.

Connecticut will come to market with a $650 million GO bond sale that includes a green-bond series of $65 million.

Connecticut should reduce the investment return assumptions of its two major state employee retirement plans, state budget Director Benjamin Barnes said following an academic report.

The New York City Municipal Water Finance Authority intends to sell about $340 million of refunding and new money bonds on Nov. 17.

The Connecticut Teachers' Retirement Board approved an actuary's recommendation to reduce the investment return assumption from 8.5% to 8%.