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
Financially distressed Harrisburg, Pa., plans an eight-day auction of Wild West artifacts in mid-July, Mayor Linda Thompson announced.
March 2 -
The Nassau Off-Track Betting Corp. has agreed to pay harness horse-racing tracks to settle a long-running, multimillion-dollar lawsuit.
March 2 - New York
Todd Miles joined law firm Harris Beach as a partner in the public finance and economic development practice group along with the municipalities and quasi-governmental agencies team.
March 2 -
Moody’s Investors Service affirmed Simmons College’s Baa1 rating, and revised its rating outlook for the Massachusetts institution to positive from stable. The move affects about $182 million in debt.
March 2 -
When the Pennsylvania Economic Development Authority issued $107 million of debt in January to bail out defaulted bonds in connection with the 10-story Forum Place office building in Harrisburg, critics called it another incinerator-type fiasco in Pennsylvania's capital city.
March 1 -
Rhode Island General Treasurer Gina Raimondo said allegations that she fired an employee — who is also a Providence city councilman — because of a column he wrote about pension overhaul are “absolutely untrue.”
March 1 -
The chairman and chief executive of New York's Metropolitan Transportation Authority said the timing is ideal for two bond sales in March, including a $400 million offering next week.
February 29 -
The executive director of the Port Authority of New York and New Jersey said an audit report that upbraided the bistate agency is an effective wakeup call.
February 28 - New York
New York Gov. Andrew Cuomo is leaning on lawmakers to pass a pension overhaul package that he says would save the state $113 billion over 30 years.
February 28 -
The attorney representing Harrisburg, Pa.'s City Council in its bankruptcy filing has filed another appeal of the rejection of its Chapter 9 case.
February 27 -
The State Investment Commission unanimously voted to select TIAA-Cref of New York as the vendor to administer Rhode Island's new defined contribution program, General Treasurer Gina Raimondo announced Monday.
February 27 -
Detractors say the Port Authority of New York and New Jersey is too big and secretive, overcharges commuters, carries way too much debt, and shouldn't run point for the World Trade Center redevelopment.
February 24 - Rhode Island
Providence retirees could face a 73% haircut on their pension benefits if Rhode Island’s capital city files for Chapter 9 protection, a bankruptcy expert says.
February 24 - Pennsylvania
The Harrisburg Authority public-works agency has authorized chairman Marc Kurowski and interim executive director Shannon Williams to explore selling authority-owned historical artifacts through the same auction house that is selling similar items the city of Harrisburg, Pa., owns, the Patriot-News reported.
February 24 - New York
Long Beach, N.Y.’s declaration of fiscal crisis, giving its new city manager broader powers, is a credit positive, said Moody’s Investors Service.
February 24 - New York
New York City Comptroller John Liu has launched (212)NO-WASTE, a hotline for city employees, contractors, and members of the public to report wasteful spending by city agencies.
February 24 -
Standard & Poor’s revised its outlook to stable from negative and affirmed its BBB-plus ratings on the Massachusetts Development Finance Agency’s Series 2008 and 1998 bonds issued for the Boston Medical Center.
February 24 - Massachusetts
The $100 million retirement fund for Lexington, Mass., is making its initial infrastructure investment, which could exceed $6 million.
February 24 -
Three Harrisburg citizens, including a former mayoral candidate, have requested a federal court to impose an emergency temporary injunction to halt the state-appointed receiver in Pennsylvania's capital city from implementing a financial recovery plan.
February 24 - New Jersey
While Gov. Chris Christie trumpeted a New Jersey comeback in his budget message, his proposed $32.1 billion spending plan for fiscal 2013 hinges on revenue projections that still must materialize.
February 22
