Paul Burton

Pennsylvania will sell $750 million in GO bonds under the glare of rating agencies concerned about the state's unfunded pension liability.

Rhode Island General Treasurer Gina Raimondo came out swinging after a union-backed forensic report called on federal securities regulators to investigate her management of $7 billion in pension funds.

Standard & Poor’s on Oct. 17 raised its rating on New York City’s fiscal 2006 subseries H-1 and H-2 variable-rate demand bonds to AA/A-1 from BBB/A-2.

“A sinister pall of secrecy” surrounds Rhode Island’s pension system and has enabled hedge fund managers to keep the state in the dark about how its assets are being invested, according to a forensic report.

Pennsylvania Gov, Tom Corbett has directed the release of $45 million in one-time state funds for use by Philadelphia's teetering school district -- the state's largest --for the upcoming school year.

The New York City Industrial Development Agency approved a $328 million tax exemption for Related Cos. for its Hudson Yards development on Manhattan's West Side.

The New York City Transitional Finance Authority will kick off $1.2 billion of new money bond sales with a $650 million issuance on Oct. 23.

Standard & Poor's revised its outlook on Brooklyn Law School bonds to negative, and warned that law school enrollment could continue to decline nationwide.

Transit historian Peter Derrick says that whatever the cost, unifying New York City's regional commuter rail systems would pay economic dividends.

Moody's Investors Service handed New Haven, Conn., its second downgrade in four months, dropping its GO bonds to A3 from A2, affecting about $510 million of debt.

Standard & Poor's raised its rating on Bridgeport, Conn.'s GO bonds to A from A-minus, citing adequate budgeting and strong liquidity.

The transactions related to Harrisburg, Pa.'s financial recovery plan must close by the end of November, Mayor Linda Thompson said Friday.

Rhode Island's Ethics Commission has ruled that Richard Licht, the director of the state's department of administration, is free to pursue a judgeship.

Distressed Harrisburg, Pa., is launching a planning initiative as part of its financial recovery plan, Mayor Linda Thompson announced.

Republican John Burnett exchanged barbs with Democrat Scott Stringer in a televised debate in the open race for New York City comptroller.

Lawrence Schloss, deputy comptroller for pensions and chief investment officer of the New York City pension funds, will step down on Oct. 18, city Comptroller John Liu announced.

Curt Schilling, the former baseball pitcher whose failed 38 Studios video-game company triggered a Rhode Island debate over moral obligation debt, plans to sell off personal items from his home.

Central Falls, R.I., a former bankrupt city whose bond rating is still junk, is raising money online for a park project with help from a crowd-funding platform.

Massachusetts repealed a 6.25% sales tax on technology services that was part of a $500 million revenue package. But the controversy still lingers.

Fitch Ratings placed Chester Community Charter School's BB-rated $56.1 million revenue bonds on rating watch negative.