Paul Burton

Former Harrisburg, Pa., Mayor Stephen Reed was arrested on 17 charges and nearly 500 counts related to use of bond proceeds and other public money.

State-run retirement systems faced a $968 billion shortfall in fiscal 2013, up $54 billion from the previous year, according to Pew Charitable Trusts.

Scranton, Pa., looks to dig out of its pension mess after chronic underfunding and a double-dipping fiasco.

State Treasurer Denise Nappier promoted Deborah Spalding to chief investment officer of the $30 billion Connecticut Retirement Plans and Trust Funds.

Massachusetts lawmakers send a $38 billion budget to Gov. Charlie Baker one week after fiscal 2016 began.

StepStone is the new consultant for the $30 billion Connecticut Retirement Plans and Trust Funds’ private investment fund, state Treasurer Denise Nappier said.

New York City Comptroller Scott Stringer wants the IRS and other law enforcement to investigate what he called lavish, inappropriate spending by Queens Library executives.

Gov. Tom Wolf and Pennsylvania lawmakers remained stalemated over how to fund a $30.2 billion budget for fiscal 2016.

A Pittsburgh grand jury looking into Harrisburg's finances has received a six-month extension to Jan. 31.

Pennsylvania Gov. Tom Wolf is expected to veto a bill that would force new state hires into a 401(k)-style defined contribution plan.

New York City officials deem a social impact bond program that fell short of its desired outcome to be successful because it allowed them to try something new at no cost to taxpayers.

A report co-authored by Harry Markopolos, who offered unheeded early warnings of Bernard Madoff's fraud, said the pension fund of Greater Boston transit workers may be overestimating its value by up to $470 million.

Pennsylvania Gov. Tom Wolf vetoed the $30 billion fiscal 2016 budget lawmakers had passed, saying it ignored such core issues as structural imbalance, school funding and rising property taxes.

Pennsylvania Auditor General Eugene DePasquale called for a series of funding and transparency measures to tackle local pension underfunding.

Connecticut's legislature after midnight approved a revised $40 billion biennial budget that rolled back some of the business taxes to which major corporations within the state had objected.

Spending increases in New York City's $78.5 billion budget merit a good, hard look, according to a nonpartisan budget watchdog organization.

The state Senate last week did not confirm four of five appointees by Gov. Andrew Cuomo and New York City Mayor Bill de Blasio to the Metropolitan Transportation Authority board.

Pennsylvania lawmakers over the weekend advanced a $30 billion budget that barring a compromise appears headed for a veto by Gov. Tom Wolf.

The possibility of an underfunded capital plan begs the question of whether the MTA, already a large municipal issuer, may have to borrow even more.

The Connecticut treasurer’s office for the 15th straight year has received a Treasury Certificates of Achievement for Excellence from the Government Finance Officers Association.