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 board of New York's Metropolitan Transportation Authority on Wednesday authorized, without debate, the negotiated sale of up to $500 million of tax-exempt Series 2011A transportation revenue bonds.
June 29 - Pennsylvania
Pennsylvania's House of Representatives on Wednesday was expected to send to Gov. Tom Corbett a $27.15 billion budget for fiscal 2012 that marked a 3% cut in spending.
June 29 -
Pennsylvania lawmakers continued to debate the $27.15 billion budget as the Thursday midnight deadline for passage loomed.
June 28 -
Pennsylvania's Senate late Tuesday approved a bill that would force a state takeover of Harrisburg and other financially strapped cities if they don't approve a recovery plan, and prohibit them from filing for bankruptcy protection.
June 28 - New York
New York has enacted the first-ever cap on local property taxes in the state. Gov. Andrew Cuomo signed the measure after the House and Senate approved it late Friday.
June 28 -
Massachusetts legislators on Monday approved an interim 10-day $1.25 billion budget while they finish their spending plan for fiscal 2012.
June 27 -
The Pennsylvania Higher Educational Facilities Authority plans to sell $118.4 million of Series AM fixed-rate, tax-exempt revenue bonds through competitive bid on Wednesday.
June 27 -
As Tuesday's public hearing nears on the proposed fiscal recovery plan for Harrisburg, many agree that regardless of whether Pennsylvania's distressed capital city files for Chapter 9 bankruptcy protection, getting all parties to look beyond their own interests is a major task.
June 24 -
Rhode Island's public colleges have proposed legislation to establish their own purchasing departments to spend money raised from tuition and fees.
June 24 - New Hampshire
Gov. John Lynch on Friday let the state's budget become law without his signature. "This is not a budget I can endorse," Lynch, a Democrat, said two days after the Republican-controlled legislature approved the $10.2 billion, two-year spending plan.
June 24 -
Linden Ponds Inc., operator of a retirement community in Hingham, has filed for Chapter 11 bankruptcy protection.
June 24 -
WASHINGTON - Amid a lackluster housing market, additional downgrades of military base projects and budgetary uncertainty, adjustment was the theme Thursday at The Bond Buyer's sixth annual military housing privatization conference.
June 23 -
NEW YORK - A Pennsylvania Senate committee passed a bill Wednesday calling for a state takeover of Harrisburg and other distressed communities that don’t approve a financial recovery plan under the Act 47 program.
June 23 -
NEW YORK - Harrisburg’s City Council passed a resolution Tuesday night requesting Mayor Linda Thompson to prepare for a bankruptcy filing, should Pennsylvania’s capital city not receive approval for a financial recovery plan proposed last week.
June 22 -
New York's Metropolitan Transportation Authority on Wednesday will remarket $347.7 million of dedicated tax fund variable-rate refunding bonds originally sold in 2008.
June 21 -
Central Falls, R.I., received more bad news: The 2012 budget plan approved by the state House Finance Committee eliminated $6.7 million in aid to the struggling community.
June 20 -
Warning about a "heightened potential" for a default this summer and greater risk that Central Falls, R.I., cannot stabilize a pension plan without filing for Chapter 9 bankruptcy, Moody’s Investors Service on Friday downgraded the city’s general obligation rating one level to Caa1 from B3, affecting about $20.8 million of outstanding debt.
June 17 -
The Dormitory Authority of the State of New York will issue $260 million of Series 2011A lease revenue bonds on Tuesday through negotiated bid.
June 17 - Vermont
Vermont expects to finish its fiscal year ahead of its revenue target by about $20 million, according to Secretary of Administration Jeb Spaulding.
June 17 -
The Erie County Fiscal Stability Authority has agreed to borrow $98 million to help Erie County Medical Center Corp. build a nursing home at its campus on Buffalo’s East Side.
June 17
