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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Metropolitan Atlanta Rapid Transit Authority administrator Beverly Scott will become the new general manager of the Massachusetts Bay Transportation Authority.
October 12 -
Acting on an emergency basis, the City Council in cash-strapped Scranton, Pa., adopted a 1% commuter tax, which still needs approval from a Lackawanna County Court.
October 12 - Rhode Island
Rhode Island's $81.4 million GO bond sale priced at the lowest cost-of-capital ever for the state, said Treasurer Gina Raimondo and lead underwriter Barclays.
October 11 -
Roger Nutt will resign as chief executive of the embattled Pennsylvania Turnpike Commission, which the state auditor said was "drowning in debt."
October 11 -
The Citizens Budget Commission watchdog group, calling the financing arrangements of New York's MTA "volatile and insufficient," proposes an alternative that it said would curb deficits.
October 10 - Pennsylvania
Harrisburg, Pa. receiver William Lynch named an entity created by Guggenheim Securities to negotiate exclusively for a long-term lease to manage city parking garages.
October 10 - New York
Uncertainty continues to hover over the securities industry in New York City, state Comptroller Thomas DiNapoli said in his annual Wall Street report.
October 9 - Connecticut
Mashantucket Pequot, which owns Foxwoods casino in Connecticut, has released details about the proposed restructuring of its $2.2 billion debt, which includes a municipal tranche.
October 9 - Rhode Island
Rhode Island will go to market with an $81.4 million sale of general obligation bonds through negotiation, after a one-day retail period for state residents.
October 5 - Massachusetts
The Massachusetts School Building Authority expects to sell $725 million of senior dedicated sales tax refunding bonds, with Jefferies as lead manager.
October 5 -
Former Harrisburg, Pa., mayor Stephen Reed blamed initially low cost estimates for incinerator-related debt that ballooned into a $340 million debt crisis.
October 4 -
Investigator Steven Goldfield of Public Resources Advisory Group told a Pennsylvania Senate committee frequent red flags were ignored while Harrisburg incinerator-related debt spiraled.
October 4 -
New York City's Municipal Water Finance Authority is scheduled to price $200 million of second resolution, adjustable rate tax-exempt bonds through negotiation.
October 3 -
New York's MTA has strengthened its financial condition over the past two years, but still faces continued challenges, said state Comptroller Thomas DiNapoli.
October 3 - Massachusetts
Massachusetts conducted its two recent bond deals conducted at what state officials called unprecedented low interest rates, officials said Tuesday.
October 2 -
Highmark has sued West Penn Allegheny Health for calling off their $475 million merger, calling the action a contract breach and "a flight from reality."
October 2 -
Connecticut Gov. Dannel Malloy and the U.S. Department of Transportation announced the release of $121 million for the New Haven-Hartford-Springfield rail program.
October 2 -
Harrisburg, Pa., has enough cash through November and delaying payments to some vendors could help it make through the end of the year, a state official said.
October 1 -
Rhode Island's state-appointed receiver has scheduled two auctions this month for the assets of failed video-game company 38 Studios.
October 1 - Pennsylvania
Moody's placed the Caa1 rating of West Penn Allegheny Health System, one of the top speculative-grade issuers, under review after a merger fell through.
October 1
