Paul Burton

Teetering Scranton, Pa., closes on a deal with Amalgamated to borrow $6.25 million in tax-anticipation notes, which the city says will bring short-term relief.

Amid a court order to raise an earned-income tax, Harrisburg, Pa'.s City Council could seek an injunction, ask for clarification or refuse and risk contempt.

Moody's on Tuesday changed its outlook on Woonsocket, R.I. to negative while confirming its B2 general obligation bond rating.

Harrisburg, Pa.'s City Council and its lawyer are discussing whether to appeal a state court ruling that requires it to double the earned income tax.

Rhode Island's Economic Development Corp., whose $75 million loan guarantee to company 38 Studios has taxpayers on the hook, took a step toward legal action.

The Commonwealth Court of Pennsylvania has granted a motion by Harrisburg, Pa.'s receiver William Lynch to force the City Council to double its earned-income tax as part of the financial recovery plan in the state capital.

Harrisburg controller Dan Miller says the tax increase receiver William Lynch seeks in court won't rescue Pennsylvania's capital city from the financial abyss.

Central Falls, R.I., could exit Chapter 9 next week after a mere 13 months. Its quick march does not surprise the city's bankruptcy attorney, Ted Orson.

Moody's called a court ruling invalidating the New York MTA's payroll mobility tax a credit negative, while Standard & Poor's is maintaining its credit rating.

New York's Metropolitan Transportation Authority needs "net-zero" settlements with its labor union and to implement fare and toll increases to keep budget gaps from resurfacing and rising, Fitch Ratings said.

Moody's Investors Service downgraded Lowell General Hospital's debt to Baa2 from Baa1 and removed the rating from under review.

Scranton, Pa.'s City Council approved its financial recovery plan moments after landing a $6.2 million tax-anticipation notes deal from Amalgamated Bank.

A legal battle over the ability of a state-appointed receiver to force capital city Harrisburg to increase taxes played out in a Pennsylvania court.

In an interview at the state capitol in Providence, Rhode Island Gov. Lincoln Chafee discusses challenges cities and towns face in the nation's smallest state.

Bronx Borough President Ruben Diaz Jr. endorsed a proposal to build a hockey and figure-skating center at the site of the old Kingsbridge Armory.

New York's Metropolitan Transportation Authority plans to appeal a court ruling that negated its payroll mobility tax and could cost it $1.2 billion.

Harrisburg, Pa., could miss another general obligation bond payment in mid-September in order to make payroll and could run out of cash altogether by the end of next month.

Pennsylvania's Senate has delayed its hearings on Harrisburg incinerator bond financings, and seeks more detail from parties uncooperative toward a local audit.

Joe Watkins of Philadelphia will take over as recovery officer for Chester Upland's school district, which Pennsylvania officials have deemed distressed.

The state Supreme Court's invalidation of New York City's law expanding yellow cab service to all boroughs could create a $1.4 billion budget gap.