Paul Burton

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.

Scranton Mayor William Courtright called for the transfer of the city’s teetering pension fund to the Pennsylvania Municipal Retirement System, an independent state agency.

Scranton disregarded pension laws in its payment of double benefits to 35 employees over the last 12 years at a cost of $2.9 million, said Pennsylvania Auditor General Eugene DePasquale.

Further delays in obtaining a five-year capital plan could mean even more delays for the East Side Access project to bring the Long Island Rail Road to Grand Central, said New York MTA Chairman Thomas Prendergast.

In a new book on the city’s financial collapse, investigative reporter and author Chris Papst calls Harrisburg, Pa. a crime victim for which justice has yet to materialize.

Mayor Bill de Blasio and the City Council agree on a $78.5 billion fiscal 2016 budget for New York City that includes 1,300 new police officers.

The finance committee of New York's MTA approved a motion to authorize the use of variable rate refunding bonds in connection with targeted refunding bonds.

New York MTA board member Allen Cappelli proposed adding $30 million to the authority’s budget to restore more services that were cut in 2010.

Rhode Island asset manager Michael Riley has asked the SEC to examine the Providence, R.I., pension fund over a $62 million spike in its unfunded liability.

New York MTA Chairman Thomas Prendergast remains confident in getting approval of a five-year capital program, which is sitting in limbo.

New York’s MTA launches a $250,000 railroad grade crossing safety campaign with nonprofit advocacy group Operation Lifesaver.