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.”
- Pennsylvania
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.
June 29 - Rhode Island
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.
June 29 -
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.
June 29 - New York
The $68.5 billion spending plan calls for no tax increases, but skeptics say it relies too much on stop-gap measures.
June 28 -
Edward Moran says such a move by investors could help keep the struggling company behind the Yankee Stadium garage project out of bankruptcy.
June 28 -
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.
June 27 -
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
June 27 -
The Harrisburg, Pa., City Council has launched another legal attempt to fight receivership in Pennsylvania's distressed capital city.
June 27 -
With the initial development period on military housing privatization winding down, coping with uncertainty was the theme of the Bond Buyer conference in Washington.
June 26 - Pennsylvania
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.
June 22 - New York
The New York City Municipal Water Finance Authority sold $662 million of second-resolution, fixed-rate, tax-exempt new-money and refunding bonds in a sale that was upsized from an initial $450 million.
June 22 - New York
The New York City Regional Economic Development Council is seeking proposals for projects it could recommend as priorities for the second round of New York Gov. Andrew Cuomo's regional council initiative.
June 22 -
Attorneys representing various public-sector employees argue in Rhode Island Superior Court that the reversal of signed contracts was illegally unilateral.
June 22 -
Scranton Mayor Chris Doherty sued the city council, urging a Lackawanna County, Pa., court to force a recovery plan to keep his city from going broke.
June 22 -
Boston has the nation's oldest public transportation system, and the most leveraged. So far, one-shot measures have filled shortfall's but critics complain.
June 22 - Pennsylvania
Pennsylvania lawmakers pass a bill to help distressed cities deal with arbitration awards.
June 22 -
The U.S. Department of Transportation has released $10 million under its TIGER grant program to modernize the infrastructure and warehouse facilities at the Hunts Point Terminal Market in New York City’s Bronx borough.
June 20 -
The Triborough Bridge and Tunnel Authority is scheduled to sell $195.6 million of general revenue variable-rate refunding bonds on Thursday by competitive bid.
June 20 -
New YorkThe New York City Housing Development Corp. has scheduled a $312 million sale of multifamily housing revenue bonds through negotiation Thursday, after a one-day retail period.
June 19 - New York
New York City Mayor Michael Bloomberg’s announcement of a long-sought $3 billion development project to convert the Willets Point, Queens, junkyard area adjacent to the Mets’ Citi Field baseball park into a five-million square foot retail and entertainment district has triggered reactions that range from positive to skeptical.
June 18
