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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Connecticut officials celebrated the completion of the Arrigoni Bridge overhaul two months ahead of schedule.
By Paul BurtonOctober 26 - New York
A sale of $112.5 million of revenue bonds will finance renovations at the New York Aquarium, including a new shark building, and the Bronx Zoo.
By Paul BurtonOctober 26 -
Fitch Ratings lowered West Penn Allegheny Health System's $737 million revenue bonds CCC from B-plus, citing uncertainty over its proposed Highmark affiliation.
By Paul BurtonOctober 25 -
Scranton, Pa., officials have asked a court to let it borrow an additional $9.75 million, citing the need to plug further unexpected gaps by the end of the year.
By Paul BurtonOctober 25 - Pennsylvania
The Harrisburg, Pa., City Council cried uncle, doubling the city's earned-income tax to 2% in a move state-appointed receiver William Lynch had sought.
By Paul BurtonOctober 24 -
Moody's Investors Service downgraded the long term rating of Pennsylvania's State System of Higher Education to Aa3 from Aa2, affecting $1.5 billion of debt.
By Paul BurtonOctober 24 -
Cranston, R.I., Mayor Allan Fung conveyed a sense of urgency in advance of a special City Council meeting on his proposal to reduce pension benefits for retirees.
By Paul BurtonOctober 23 -
The second scheduled auction of property belonging to Curt Schilling's failed video-game company 38 Studios will be held in Providence Tuesday.
By Paul BurtonOctober 22 -
The sudden breakup of hospital operator West Penn Allegheny's affiliation with insurer Highmark heightens uncertainty over hundreds of millions in bonds in a turnabout driven by adulterous sex and violence.
By Paul BurtonOctober 19 - New York
New York City Comptroller John Liu launched a website to enable workers paid less than the prevailing wage on city public works projects to search online for the money they are owed.
By Paul BurtonOctober 19 - Massachusetts
Fitch Ratings affirmed its AA-minus rating for Worcester, Mass. as the city prepares to competitively sell $72.1 million general obligation municipal purpose loan bonds.
By Paul BurtonOctober 19 -
Walter Timpone, the defense attorney for one of the three convicted former banking executives in the muni bond bid-rigging trial is confident about an appeal.
By Paul BurtonOctober 19 -
After hearing tearful requests for leniency, federal Judge Harold Baer imposed prison and fines on three former bankers convicted of municipal bond bid rigging.
By Paul BurtonOctober 18 - New York
New York City officials announced changes to the four-year capital commitment plan to accelerate work on more than $1 billion of critical infrastructure projects.
By Paul BurtonOctober 17 -
West Penn Allegheny Health System countersued crosstown Pittsburgh insurer Highmark Inc. over the breakup of their proposed $475 million affiliation agreement.
By Paul BurtonOctober 17 -
Insurer Highmark, which sued West Penn Allegheny Health System over their canceled $475 million agreement, announced a $65 million affiliation deal with Saint Vincent of Erie, Pa.
By Paul BurtonOctober 16 -
Potential liabilities from the Jerry Sandusky child molestations prompted Standard & Poor's to revise its outlook to negative on Penn State's long-term bond rating.
By Paul BurtonOctober 16 -
New York's Metropolitan Transportation Authority Chairman Joseph Lhota announced four options for fare and toll increases that he says are needed to help fill a budget gap.
By Paul BurtonOctober 15 -
Officials from Highmark and West Penn Allegheny Health System spoke with an eye toward resuming talks about a $475 million affiliation agreement.
By Paul BurtonOctober 12 -
The Metropolitan Transportation Authority is selling New York City bus and subway transit MetroCards with front-facing ads for the first time.
By Paul BurtonOctober 12
