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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New York's Metropolitan Transportation Authority responded angrily to Thomas DiNapoli's audit that accused the transit agency of giving Apple an inside advantage for a lease for prime retail space at Grand Central Terminal.
July 31 -
A Pennsylvania official could relax its Aug. 15 deadline for Scranton enacting a revised recovery plan if it sees the mayor and City Council making progress.
July 31 -
The MTA, whose sheer enormity makes it an easy target for critics, was in feel-good mode even while acknowledging it many financial challenges.
July 29 -
Pennsylvania's Senate has scheduled an Aug. 29 hearing on the incinerator bond deals that left capital city Harrisburg with more than $310 million in debt that it cannot pay.
July 27 -
The Providence, R.I., City Council on Thursday backed Mayor Angel Taveras' proposed bond referendum on $40 million worth of citywide street and sidewalk paving.
July 27 - Rhode Island
Rhode Island State Sen. James Sheehan, D-Narragansett, called for major changes in the governance structure and responsibilities of the Rhode Island Economic Development Corp.
July 27 -
Jay Walder, the chief executive of Kong Kong's MTR Corp. and former chairman of New York's Metropolitan Transportation Authority, signed a 25-year public-private partnership with Hangzhou, China, to build a subway line.
July 27 -
Nearly broke and seemingly shut off from the capital markets, Scranton has asked its pension board to meet current-year obligations for payroll and debt service.
July 26 -
Rhode Island's Investment Commission on Wednesday chose BNY Mellon as its custodian bank for the state's assets of roughly $8 billion, General Treasurer Gina Raimondo announced.
July 26 -
New York's Metropolitan Transportation Authority introduced a financial plan on Wednesday that projected a $46 million cash surplus rolled into each of the next two years, but also deficits from 2014 to 2016 that range from $14 million to $231 million.
July 25 - Pennsylvania
According to the report, the city absorbed $264 million of incinerator bond debt that year.
July 25 -
Conduit bond issuer Build NYC Resource Corp. has approved $75.6 million of tax-exempt financing to assist four New York City nonprofits.
July 25 - Massachusetts
The ratings agency praises the Massachusetts capital for its handling of pension and OPEB liabilities and its handling of reserves
July 24 -
Neil Grover of the taxpayer group Harrisburg Debt Watch will resume the battle against receiver William Lynch over tripling the earned-income tax in Pennsylvania's capital city.
July 24 -
The school's Aa1 rating is at risk after the NCAA imposed a $60 million fine for its role in a child sex-abuse scandal.
July 24 -
A court hearing looms on a state receiver's lawsuit demanding that it triple the city's income tax.
July 23 - New York
Thomas DiNapoli praised the city closing budget gaps, but warned about rising debt and dwindling reserves.
July 23 -
The rating agency does not expect the NCAA's $60 million fine to immediately affect the long-term ratings on various revenue bonds issued by and for the school.
July 23 -
Its finance manager is examining how the alleged London interbank offering rate scandal has affected the transit authority's investments.
July 23 - Pennsylvania
The City Council has introduced tentative agreements with the police and fire unions that reflect the state Supreme Court ruling last fall.
July 20
