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.”
- Rhode Island
Catherine Taylor will resign as Rhode Island director of elderly affairs, effective June 20, to run for lieutenant governor.
June 10 -
CUNY's journalism grad school is launching a five-year effort to improve state and local fiscal reporting, thanks to a major gift from New York civic leader Richard Ravitch.
June 10 - Rhode Island
Fitch removed the GO rating of West Warwick, R.I., from rating watch negative and assigned a stable outlook while affirming its just-above-junk BBB-minus.
June 10 -
S&P revised the outlook on its AA and AA/A-1-plus ratings on Delaware County Authority college revenue bonds, issued for Haverford College, to negative.
June 9 -
Connecticut and New York's MTA will jointly pursue $349 million in federal resiliency funds to replace the 118-year-old Walk Bridge in Norwalk, Gov. Dannel Malloy said.
June 9 - New York
The trustees of all five New York City pension funds have voted to ban placement agents across all investment classes, Comptroller Scott Stringer announced.
June 9 - New York
Seasonal borrowing for fiscal 2015 will not be necessary, thereby saving New York City $75 million in debt- service costs, Comptroller Scott Stringer said.
June 6 -
Health-care cost savings in contracts between New York City and its municipal labor unions should be recurring and "bend the cost curve" by making the system operate more efficiently, said Carol Kellermann, president of the Citizens Budget Commission watchdog organization.
June 6 -
Infrastructure in New York City and around the Northeast is crumbling. How to pay to fix it is a question without easy answers.
June 6 -
It's yes to 38 Studios debt and no to Sakonnet River Bridge tolls as Rhode Island House Finance Committee approved a revised $8.7 billion budget.
June 6 - Pennsylvania
Adrian King Jr. will resign as Pennsylvania's first deputy attorney general and rejoin law firm Ballard Spahr as partner on June 16.
June 5 - Rhode Island
S&P revised its outlook to positive from stable for its long-term and underlying A rating on Cranston, R.I., general obligation debt to positive from stable.
June 5 - New York
Fitch's AA rating of New York City's general obligation bonds reflects the city's effective management, said a spokesman for Mayor Bill de Blasio's budget office.
June 5 -
PennsylvaniaGov. Tom Corbett's hybrid proposal to overhaul Pennsylvania's public employee pension system could pass despite a blitz from both the left and the right, said one Keystone State actuary.
June 5 -
S&P revised its outlook on Rhode Island Turnpike and Bridge Authority revenue bonds to negative from stable while affirming its A-minus rating on the bonds.
June 4 - New York
Stronger than expected tax revenue has narrowed outyear budget gaps for New York City, said city Comptroller Scott Stringer.
June 4 -
Frank Caprio, if he regains the Rhode Island treasurer's office, wants to go after the bond rating agencies as controversy simmers over 38 Studios.
June 3 - Massachusetts
Standard & Poor's raised its general obligation bond rating of Westborough, Mass., to AAA.
June 3 -
HUD's post-Sandy program awarded combined $540 million for a 10-mile berm along Manhattan's Lower East Side, a living breakwater along Staten Island's shore and protection for the Hunts Point food market and Long Island waterways.
June 2 -
A real estate revenue drop and lowered pension assumptions have triggered a budget deficit in Pittsburgh, said the city's financial recovery consultants.
June 2
