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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The Rhode Island Economic Development Corp. discussed the problems of Curt Schilling’s 38 Studios LLC at a Monday night meeting in Providence, but did nothing.
By Paul BurtonMay 22 - New York
New York's Metropolitan Transportation Authority will issue requests by the end of the month for two new spaces in its landmark Grand Central Terminal, targeting both for sit-down restaurants.
By Paul BurtonMay 21 - Massachusetts
Massachusetts will return to the market Tuesday when it sells $350 million of general obligation bonds through competitive sale.
By Paul BurtonMay 21 -
The business woes of the online video game company former star baseball pitcher Curt Schilling has founded, which appears to be unraveling faster than the 2011 Red Sox, have set off a political, media and bond-industry firestorm.
By Paul BurtonMay 18 - Rhode Island
Former Rhode Island auditor general Ernest Almonte will run for governor as a Democrat in 2014, he announced.
By Paul BurtonMay 18 -
The triple-A bond ratings Moody’s Investors Service and Standard & Poor’s assigned to the Massachusetts’ accelerated bridge program’s recent $419 million bond sale saved an estimated $23.5 million in overall borrowing costs, according to state officials.
By Paul BurtonMay 18 -
Embattled 38 Studios LLC, the video-game company owned by Boston Red Sox pitcher Curt Schilling, made its past-due $1.125 million payment to Rhode Island on Friday, Gov, Lincoln Chafee announced.
By Paul BurtonMay 18 - New York
New York City will begin its $800 million sale of tax-exempt general obligation refunding bonds with a two-day retail period that starts Monday.
By Paul BurtonMay 17 -
38 Studios LLC, the embattled video-game company founded by former Boston Red Sox pitcher Curt Schilling, was on the verge of making its past-due $1.1 million payment to the Rhode Island Economic Development Corp., Gov. Lincoln Chafee's office said late Thursday afternoon.
By Paul BurtonMay 17 - Connecticut
Gov. Dannel Malloy and Comptroller Kevin Lembo on Thursday announced a reduction of roughly $13.3 billion in Connecticut’s future unfunded state employee and retiree health care liabilities, according to a finalized actuarial report.
By Paul BurtonMay 17 -
Curt Schilling once pitched with a bloody sock, endearing him to New England baseball fans. But his video game firm is in a bloody mess, leaving Rhode Island taxpayers and bondholders exposed.
By Paul BurtonMay 16 -
The U.S. Court of Appeals in Philadelphia has denied the attempt by the Harrisburg City Council to file for bankruptcy on behalf of Pennsylvania’s capital city.
By Paul BurtonMay 16 -
Retired Air Force Major General William Lynch helped rebuild Iraq. But can he repair Harrisburg?
By Paul BurtonMay 14 -
Pennsylvania Gov. Tom Corbett on Friday named retired Air Force Major General William Lynch as receiver for the state's distressed capital city of Harrisburg.
By Paul BurtonMay 11 - Rhode Island
Moody’s Investors Service has improved its outlook on East Providence, R.I., to stable from negative, while affirming its Ba1 general obligation bond rating. The move affects $28.7 million of outstanding parity debt.
By Paul BurtonMay 11 - New York
The New York City Regional Economic Development Council announced a series of consolidated funding application workshops throughout the city’s five boroughs.
By Paul BurtonMay 11 - New Jersey
The New Jersey Board of Public Utilities’ $30 million rate increase for New Jersey-American Water Co. is a credit positive for parent American Water Works Co., Moody’s Investors Service said, because it will help improve operating cash flow.
By Paul BurtonMay 11 -
U.S. Justice Department antitrust prosecutors late Friday afternoon scored a clean sweep in the municipal bond bid-rigging trial in New York, as jurors in the fourth day of deliberation, and the 20th day of the trial, convicted Steven Goldberg, Peter Grimm and Dominick Carollo of wire fraud and conspiracy.
By Paul BurtonMay 11 -
The City Council attorney in distressed Harrisburg has asked the Commonwealth Court of Pennsylvania to table all state takeover activities and subpoena former receiver David Unkovic to ask him why he abruptly quit.
By Paul BurtonMay 11 -
The specter of a divided jury loomed late Thursday afternoon in the third day of deliberations in the municipal bond bid-rigging trial in New York.
By Paul BurtonMay 11



