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.”
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Many underlying causes of MTA subway train delays are controllable, New York State Thomas DiNapoli said while triggering an angry response from the authority.
August 13 - Pennsylvania
A budget stalemate that drags past December could further compromise Pennsylvania's credit, says PNC Capital Markets Tom Kozlik.
August 13 -
University of North Carolina professor Pab Jotikasthira wins the James A. Lebenthal Memorial prize for best paper submitted at the Brandeis Municipal Finance Conference.
August 12 - Rhode Island
Rhode Island Gov. Gina Raimondo launches a school building authority and a $20 million capital fund for public schools with immediate renovation needs.
August 11 -
James Ferrara will become interim president of New York City Transit when current chief Carmen Bianco retires, MTA chief Thomas Prendergast announced.
August 11 -
The indictment of Pennsylvania Attorney General Kathleen Kane should have little effect on the prosecution of former Harrisburg Mayor Stephen Reed, legal observers say.
August 11 -
Public finance veteran Richard Ravitch said part of the solution to New York's mass transit funding problem would be to "elect better politicians."
August 10 -
Detroit emerged from bankruptcy poised to rebuild through major infrastructure projects, former emergency manager Kevyn Orr said in Boston.
August 7 -
The Rhode Island Commerce Corp. agrees to a $12.5 million proposed settlement with four defendants related to the 38 Studios fiasco.
August 7 -
New YorkTransparent carrot-and-stick bond rating criteria for issuers could help advance projects to boost resilience from climate change and weather, advocates say.
August 7 -
Detroit's bankruptcy and Puerto Rico's default are similar to New York City's mid-1970s crisis, public finance veteran Richard Ravitch says.
August 7 -
Enrollment declines at the 14 universities in Pennsylvania's State System of Higher Education pressure their operations, said Janney's Alan Schankel.
August 5 - New York
New York City's out-year budget gaps are manageable under current economic conditions, state Comptroller Thomas DiNapoli told the Financial Control Board.
August 4 - New York
New York City Comptroller Scott Stringer and city pension fund trustees announce a $500 million expansion of a private equity emerging manager program.
August 4 -
The Providence, R.I., firefighters union, at odds with Mayor Jorge Elorza over a department reorganization, wants a court to vacate its 2013 pension settlement.
August 4 -
President Obama appointed Beverly Scott, former general manager of the Massachusetts Bay Transportation Authority, to the National Transportation Safety Board.
August 3 -
Connecticut bond panel approval of $546 million in GO bonds, including a block of Gov. Dannel Malloys priority transportation, raises questions about debt load.
July 30 - New Jersey
New Jersey Senate President Michael Sweeney called on the federal government to provide $1 trillion of low-interest loans for states with large unfunded pension liabilities.
July 30 - Massachusetts
The addition of Plainridge Park Casino, the first to open in Massachusetts, has heated up the competition for gamblers, according to Fitch Ratings.
July 29 -
"Detroit's a much better credit than it was two years ago," its former emergency manager, Kevyn Orr, told a municipal bond market group.
July 29
