Paul Burton

Penn State University will endure the "trauma and potential credit stress" from the child sex-abuse conviction of former assistant football coach Jerry Sandusky and expected claims, Janney Capital Markets said.

A law calling for more state oversight of financially distressed Pennsylvania school districts is a credit positive, according to Moody's Investors Service.

The New York City Housing Development Corp. has approved nearly $250 million of housing bonds to finance three new developments and preserve and renovate eight others.

Eric Schneiderman announces an agreement with the New York City Economic Development Corp. and two other organizations after alleging an illegal push for projects at Willets Point and Coney Island. No penalties or fines were involved.

Budget director Benjamin Barnes, backing a new law that Treasurer Denis Nappier opposes, said enabling a state agency to sell University of Connecticut bonds opens up possibilities for the flagship[ university.

A new local development corporation closes its first four tax-exempt bond financings, totaling $93.4 million. Receiving the funding were the YMCA of Greater New York, Royal Charter Properties, New York Foundling Charitable Corp. Yeshiva Har Torah.

Lawmakers push the moratorium to Nov. 30 over the objections of critics who say it robs the capital city's receiver of a bargaining chip with major creditors.

The bankrupt, 18,000-population Rhode Island city receives long-awaited positive news from Wall Street

With the end of the fiscal year looming, the Pennsylvania Senate on Friday afternoon passed a $27.7 billion budget by a 32-to-17 vote.

The City Council also overrode Mayor Michael Bloomberg's veto of the so-called living wage bill, affecting many companies that do business with the city.

While particulars vary, distressed Pennsylvania communities Harrisburg, Scranton and Altoona struggle for solutions amid common concerns of state indifference - and in some cases hindrance - rising pension obligations and potentially crippling arbitration awards.

Rhode Island Gov. Lincoln Chafee signed an executive order creating a task force to help facilitate shared services among Pawtucket, Central Falls and East Providence.

The Rhode Island Economic Development Corp. has hired outside counsel to explore a clawback of money the state stands to lose amid the demise of video game company 38 Studios.

The $68.5 billion spending plan calls for no tax increases, but skeptics say it relies too much on stop-gap measures.

Edward Moran says such a move by investors could help keep the struggling company behind the Yankee Stadium garage project out of bankruptcy.

Harrisburg, Pa., receiver William Lynch chose the Lancaster County Solid Waste Management Authority to enter into exclusive negotiations to purchase the incinerator that has become the face of the city's debt crisis.

On the eve of a refunding for the same amount and with former Gov. David Paterson on board, the agency signs off on spending for capital projects

The Harrisburg, Pa., City Council has launched another legal attempt to fight receivership in Pennsylvania's distressed capital city.

With the initial development period on military housing privatization winding down, coping with uncertainty was the theme of the Bond Buyer conference in Washington.

Moody's Investors Service assigned a negative outlook to the Altoona, Pa., Water Authority's $36.4 million of Series 2007 water revenue refunding bonds while affirming the authority's A1 rating.