Paul Burton

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.

Rhode Island’s Senate finance committee is scheduled to vote on a proposed $8.7 billion state budget one day after the House approved it unanimously.

The inability of the Penn Hills, Pa., School District to obtain full bridge financing it needed for payroll and operating expenses is a credit negative, said Moody’s.

Rhode Island General Treasurer Seth Magaziner is nominating Robert Benson, Marie Langlois and Marcia Reback to the State Investment Commission and Marianne Monte to the State Retirement Board.

Connecticut lawmakers will convene this month to debate Gov. Dannel Malloy’s proposed business tax reductions, which he announced after pushback from major corporations.

Pennsylvania is but one pension battleground state amid a landscape of insolvency, court actions and settlements.

A federal judge ordered former Rhode Island House Speaker Gordon Fox to three years for stealing $108,000 of campaign donations, accepting a $52,000 bribe and filing false tax returns

Budget friction lingers in Connecticut, where fallout includes threats by GE and Aetna to relocate over business tax hikes.

Rhode Island lawmakers must approve now that Superior Court Judge Sarah Taft-Cater signed off on a class-action settlement in the lawsuit over the state's 2011 law that overhauled pension benefits.

Rhode Island Superior Court Judge Sarah Taft-Cater late Tuesday signed off on a class-action settlement in the lawsuit over the state’s 2011 law that overhauled pension benefits.

The Pennsylvania Senate confirmed Gov. Tom Wolf’s confirmation of Robin Wiessmann as secretary of banking and securities.