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’s fiscal 2012-13 executive budget continues the progress made in the currently enacted budget to close an immediate projected gap as well as narrow out-year shortfalls, according to an analysis by state Comptroller Thomas DiNapoli.
February 10 - New Jersey
Moody’s Investors Service has downgraded to Baa1 from A3 the New Jersey Casino Reinvestment Development Authority’s $75 million of Series 2004 hotel room fee revenue bonds.
February 10 - Connecticut
Connecticut Gov. Dannel Malloy kicked off his second year in office with his state of the state address, proposing a $20.77 billion budget that would take effect on July 1.
February 10 - New York
Long Beach, N.Y., stung by a recent five-notch downgrade by Moody's Investors Service and an independent audit that cited improper budgetary practices, has declared a fiscal emergency.
February 8 -
The state-appointed receiver for financially ailing Harrisburg wants to close on the sale or lease of the city's two main assets by the end of June — the incinerator that's ground zero in the debt crisis in Pennsylvania's capital city, and its revenue-producing parking garages.
February 7 -
Harrisburg's receiver said that recovery for Pennsylvania's capital city starts with finding out how much cash upfront it can get for its assets.
February 6 -
PennsylvaniaShortly after two of the top three credit rating agencies improved their outlooks for the city to stable from negative, Pittsburgh sold $114.5 million of general obligation bonds to provide funds for overdue capital improvement projects and save money through a refunding.
February 3 - New York
New York City Mayor Michael Bloomberg repeated his cry for pension overhaul while introducing the city's $68.7 billion preliminary budget and four-year financial plan for fiscal 2013.
February 3 - New York
New York City's law department has issued a request for proposals to provide bond counsel and disclosure counsel services.
February 3 - Rhode Island
Unlike many of its Rhode Island neighbors, Jamestown “is in good fiscal shape,” an auditing firm told its Town Council.
February 3 -
Providence Mayor Angel Taveras warned that the Rhode Island capital will run out of money in June without a reduction in pension obligations and larger contributions from tax-exempt institutions such as Brown University.
February 3 -
State-appointed receiver David Unkovic’s long-awaited financial plan for the struggling city of Harrisburg, Pa., is due Monday.
February 3 - New York
New York Gov. Andrew Cuomo signed a bill requiring the Long Island Power Authority to undergo periodic audits.
February 3 - Massachusetts
Massachusetts Treasurer Steven Grossman has named Jack McCarthy the permanent executive director of the Massachusetts School Building Authority.
February 3 - Massachusetts
Nixon Peabody LLP public finance attorney Navjeet Bal has joined the board of directors of the Massachusetts Budget and Policy Center.
February 3 -
The Connecticut State Bond Commission has approved $291 million of borrowing over 10 years for a proposed research laboratory adjacent to the University of Connecticut Health Center in Farmington.
February 3 - New York
Nassau County, N.Y.'s state-appointed control board cut the county's requested bonding plan by one-third from $90 million, and again chastised officials for failing to provide a plan to save $150 million in labor costs.
February 2 -
The attorney for the Harrisburg, Pa., City Council said he might appeal the latest federal rejection of its Chapter 9 bankruptcy petition.
February 2 - New York
Nixon Peabody LLP has elected Jeffrey Piemont as a partner in the law firm's New York office. He assumed his new duties Wednesday.
February 1 -
Providence may appeal a Rhode Island Superior Court ruling Monday that for now stops it from switching police and fire retirees to Medicare after they turn 65.
January 31
