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.”
- 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.
By Paul BurtonFebruary 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.
By Paul BurtonFebruary 24 - Massachusetts
The $100 million retirement fund for Lexington, Mass., is making its initial infrastructure investment, which could exceed $6 million.
By Paul BurtonFebruary 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.
By Paul BurtonFebruary 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.
By Paul BurtonFebruary 22 -
Amid uncertainty over the cost of building a new Tappan Zee Bridge, New York State officials are floating creative ideas about what to do with the current span after it is replaced.
By Paul BurtonFebruary 22 - Massachusetts
The Cohasset, Mass., town manager says his objections to a request for proposals for a water service contract triggered his suspension by the board of selectmen, which wants to fire him.
By Paul BurtonFebruary 21 - Rhode Island
Great-West Retirement Services and TIAA-Cref are the finalists to administer Rhode Island's new defined contribution pension program by a unanimous vote of the State Investment Commission, General Treasurer Gina Raimondo announced.
By Paul BurtonFebruary 17 - New York
New York City could realize $100 million in savings from next week's $800 million general obligation refunding bond sale, Comptroller John Liu said Thursday.
By Paul BurtonFebruary 16 - Pennsylvania
It could take two years to close the deal, but Philadelphia Mayor Michael Nutter favors selling the city's 175-year-old gas company if price and conditions are acceptable.
By Paul BurtonFebruary 15 -
The Port Authority of New York and New Jersey will earmark about half a billion dollars to renovate the 80-year-old George Washington Bridge, using money from toll and fare increases the bi-state agency recently implemented.
By Paul BurtonFebruary 15 - Rhode Island
Warning that "Providence is in peril," Mayor Angel Taveras repeated his call for retirees to accept pension cuts and tax-exempt institutions to pay more, to keep the city from running out of money by the end of June.
By Paul BurtonFebruary 14 - Pennsylvania
The Commonwealth Court of Pennsylvania will hold a public hearing on receiver David Unkovic’s financial recovery plan for capital city Harrisburg on March 1.
By Paul BurtonFebruary 14 - Pennsylvania
Gov. Tom Corbett on Monday night signed a bill that lets Pennsylvania counties impose a fee on natural gas wells in the Marcellus Shale region.
By Paul BurtonFebruary 13 -
Long-term bond sale volume dropped considerably in 2011 compared with the year before, amid a cautionary environment and the absence of the Build America Bond program.
By Paul BurtonFebruary 10 -
Stung by a scathing auditor's report that called the Port Authority of New York and New Jersey dysfunctional, its board of commissioners responded by saying it would not be business as usual at the bi-state agency.
By Paul BurtonFebruary 10 - Rhode Island
The Rhode Island State Investment Commission this week will hear presentations from the four vendors recommended as semifinalists to administer the state’s new defined-contribution program, according to General Treasurer Gina Raimondo.
By Paul BurtonFebruary 10 -
A Rhode Island Superior Court judge’s preliminary injunction preventing the state’s capital, Providence, from moving retirees who are 65 and older off the city’s health insurance plan and into Medicare is a credit-negative, said Moody’s Investors Service.
By Paul BurtonFebruary 10 -
The Hudson Yards Infrastructure Corp. learned that the New York State Department of Taxation and Finance has erroneously sent notices to state taxpayers who were holders of the corporation’s bonds, saying that all or a portion of the interest paid on the debt is subject to the state’s personal income tax.
By Paul BurtonFebruary 10 -
The restructuring of three series of variable-rate demand bonds totaling $500 million by New York’s Triborough Bridge and Tunnel Authority is a credit-positive because it eliminates the risk of failed remarketings related to the credit of failed Dexia Credit Local, Moody’s Investors Service said in a report.
By Paul BurtonFebruary 10
