Pennsylvania

Eugene DePasquale urged the system to pay Wall Street less and better educate its board members.

A Lackawanna County court says a state law that caps tax rates supersedes city home-rule provisions.

Moody's Investors Service has upgraded to Aa2 from Aa3 the long-term joint support letter of credit (LOC)-backed ratings of the City of Philadelphia, Pennsylvania Gas Works (PGW) Revenue Refunding Bonds.

Philadelphia’s sin and sweet taxes yielded Pennsylvania’s largest city more than $500 million in revenue over the last five years, according to a new economic report.

WILKES-BARRE, Pa. -- The city ended 2016 with a deficit, affirming Mayor Tony George's warning that the $51.5 million general fund budget he inherited upon taking office last year would not balance.

"This is deeply troubling," treasurer Joe Torsella said of the commonwealth's revenue situation

The rating agency cited a liquidity boost from its sewer-system sale.

Thomas D. Zoidis, a former municipal finance professional in Philadelphia, died on July 27. He was 84.

The plan features tax increases and $1.3 billion of new borrowing.

The agency maintains its AA-minus rating on the commonwealth while awaiting a revenue package.