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 state expects to come to market with an $889.1 million general obligation sale in three tranches.
August 13 -
The city's struggles reflect those of northeast Pennsylvania’s depressed coal region.
August 10 -
“Strategic investments” account for the 20% increase in spending since New York Mayor Bill de Blasio took office, his budget director said Thursday.
August 9 -
S&P Global Ratings dropped New York's Metropolitan Transportation Authority to A from A-plus, its second downgrade of the agency in five months.
August 9 -
The legislation, which aims to curb the effects of app-based for-hire vehicles on city streets, may lead to a congestion pricing framework.
August 9 -
The authority received upgrades from Moody’s on its two variable rate debt issues backed by bank letters of credit.
August 7 -
The State Bond Commission approved a $10 million study on reviving tolls against a backdrop of revenue strain and regional dynamics.
August 3 -
City officials say the round of assignments for bond counsel and special disclosure counsel includes larger and smaller, minority-owned law firms.
July 31 -
The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.
July 30 -
New revenue sources for operating and capital budgets are necessary for the transit authority to cover a widening outyear gap, CFO Robert Foran said.
July 26 -
The fund returned 8.03% in FY18, ahead of its 7% annual target and ahead of its own benchmark, which returned 7.59%.
July 26 -
S&P Global Ratings lowered the Connecticut city to BBB-plus from A-minus, and Fitch Ratings dropped the city to BBB from A-minus.
July 26 -
The debt of New York’s MTA prompted board member David Jones to question whether the authority should have a debt cap.
July 24 -
School districts, higher education institutions and healthcare providers could feel the pinch, according to Eric Kim of Fitch Ratings.
July 23 -
Public-purpose need has become an important marker for green bond deals as the market evolves.
July 20 -
Moody's upgraded the bonds issued to build the Mets' Citi Field while boosting its outlook for Yankee Stadium bonds.
July 19 -
The $41.9 billion spending plan for the only state without a signed budget is on Gov. Charlie Baker's desk.
July 19 -
Luke Bronin, in an interview at the Brookings Municipal Finance Conference, said Connecticut's capital city is "in a stronger position than we’ve been in a long time."
July 17 -
Mayor Paul George wants to bring the city into the Act 47 workout program for struggling municipalities.
July 16 -
A conference committee of Senate and House negotiators still must resolve differences over a $41 billion spending plan.
July 16
