Paul Burton

Lack of funding for wage increases for employees working under expired union contracts could result in multi-year, multibillion-dollar gaps, New York City Comptroller John Liu told the City Council.

If Pennsylvania does nothing about its $47 million-and-rising unfunded pension liability, an Illinois-sized shadow could loom over the Keystone State.

Rhode Island could hurt itself "for decades" by not paying the $110 million moral obligation debt related to 38 Studios, municipal bond expert Matt Fabian told lawmakers.

Whether Rhode Island should pay $100 million of moral obligation debt related to the 38 Studios debacle triggered spirited discussion Thursday at the state capitol.

New York MTA's chief acknowledged that extensive work to fix two major subway tubes damaged by Hurricane Sandy would cost "hundreds of millions" of dollars.

The New York City Transitional Finance Authority intends to sell $800 million of future tax secured subordinate bonds Wednesday, June 12, after a two-day retail order period.

Three of the seven members of the municipal research team at Bank of America Merrill Lynch are leaving the firm amid a reorganization.

Pennsylvania's $28.3 billion budget is headed for floor debate in the House after its appropriations committee approved it by a party-line 21-14 vote.

Connecticut's $37.6 billion budget is en route to Gov. Dannel Malloy after the state Senate on Monday night approved the biennial spending plan by a 19-17 vote.

Muni finance expert Matt Fabian of Municipal Market Advisors will speak before a Rhode Island House panel about the pros and cons of paying moral obligation bonds for 38 Studios.

Pittsburgh officials want Pennsylvania to remove the "distressed" tag and are tired of waiting for the Department of Community and Economic Development to act.

John Hallacy, a 35-year industry veteran, is retiring as head of municipals research at Bank of America Merrill Lynch, he confirmed late Monday.

Connecticut's Senate was to debate a proposed two-year $37.5 billion budget after bleary-eyed House members approved its plan right before sunrise on Sunday.

A bill to establish a municipal advisory council on statewide permitting to increase feedback from cities and towns won approval in the Rhode Island Senate with a 37-to-0 vote.

A state Senate panel began a series of public hearings throughout Pennsylvania on the future of its cities, large and small.

KidsPeace Children's Hospital of Schnecksville, Pa., looking to pare bond debt from $51.3 million to $24 million, filed a voluntary Chapter 11 bankruptcy petition.

Standard & Poor's revised its outlook to positive from stable and affirmed its AA long-term rating and AA/A-1-plus rating on University of Pittsburgh debt.

Standard & Poor's raised its long-term rating and underlying rating on Preston, Conn.'s general obligation bonds to AA-minus from A-plus.

It's official: Rhode Island Gov. Lincoln Chafee is a Democrat. His second affiliation switch in six years could trigger an intriguing three-way primary in 2014.

Massachusetts' $1.1 billion general obligation bond sale will include $100 million "green bonds" for environmentally sensitive infrastructure projects.