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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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.
June 23 -
New York MTA board member Allen Cappelli proposed adding $30 million to the authoritys budget to restore more services that were cut in 2010.
June 22 -
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.
June 22 -
New York MTA Chairman Thomas Prendergast remains confident in getting approval of a five-year capital program, which is sitting in limbo.
June 18 -
New Yorks MTA launches a $250,000 railroad grade crossing safety campaign with nonprofit advocacy group Operation Lifesaver.
June 17 - Rhode Island
Rhode Islands Senate finance committee is scheduled to vote on a proposed $8.7 billion state budget one day after the House approved it unanimously.
June 17 - Pennsylvania
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 Moodys.
June 17 - Rhode Island
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.
June 16 -
ConnecticutConnecticut lawmakers will convene this month to debate Gov. Dannel Malloys proposed business tax reductions, which he announced after pushback from major corporations.
June 15 -
PennsylvaniaPennsylvania is but one pension battleground state amid a landscape of insolvency, court actions and settlements.
June 12 -
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
June 11 - Connecticut
Budget friction lingers in Connecticut, where fallout includes threats by GE and Aetna to relocate over business tax hikes.
June 11 -
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.
June 10 -
Rhode Island Superior Court Judge Sarah Taft-Cater late Tuesday signed off on a class-action settlement in the lawsuit over the states 2011 law that overhauled pension benefits.
June 9 - Pennsylvania
The Pennsylvania Senate confirmed Gov. Tom Wolfs confirmation of Robin Wiessmann as secretary of banking and securities.
June 9 - New York
The New York City Transitional Finance Authority intends to sell $750 million of tax-exempt, fixed rate, new money bonds on June 17 after a two-day retail order period.
June 9 - New York
New York City should continue to build up its budgetary cushion to protect against further economic downturns or natural disasters, Comptroller Scott Stringer told a City Council committee.
June 9 - Massachusetts
Transparency following an unusually harsh winter and amid other challenges sends an important message to bond rating agencies, said Massachusetts Treasurer Deborah Goldberg.
June 9 -
New YorkNew York City is projecting a surplus of $3 billion for fiscal 2015 and a balanced budget for fiscal 2016, said state Comptroller Thomas DiNapoli.
June 8 - New York
The New York City Housing Development Corp. board approves a $680 million inaugural sustainable neighborhood bond transaction, expected to price next week.
June 8
