Pennsylvania

The National Development Council closed its $32 million parking system transaction with Scranton, Pa.

The $2.5 billion line of credit Pennsylvania’s Treasury extended to the state to support its general fund is a credit negative, according to Moody’s.

Moody's upgrades Pennsylvania's school district pre-default enhancement program to A2 from Baa1, citing a new state law.

A Pennsylvania school district said it expects to receive a proposed adverse determination letter from the Internal Revenue Service stating general obligation bonds it issued in 2005 and advance refunded in 2013 are taxable.

Federal corruption charges against a former state treasurer did not motivate a probe of Pennsylvania's two public pension systems, said state Auditor Eugene DePasquale.

Pennsylvania Auditor Eugene DePasquale plans to investigate the state's two largest pension systems, saying he wants to ensure that both systems are operating as efficiently and transparently as possible.

A rating agency sees progress in Pennsylvania’s new budget toward reducing the underfunding of its pension systems, though skepticism remains abundant about the state’s approach to the problem.

The Philadelphia Regional Port Authority has tapped Jeff Theobald of Ports America Outer Harbor in California to replace recently departed executive director James T. McDermott, Jr.

Pennsylvania’s $1.3 billion revenue package that balanced its fiscal 2017 budget is a strong step toward long-term budget balance, said Moody’s.

After passage of a $31.5 billion budget, S&P Global Ratings removed Pennsylvania from credit watch with negative implications.

Pennsylvania's fiscal 2017 budget makes progress on, but does not fully resolve the commonwealth's sizable structural budget gap, according to Fitch Ratings.

Gov. Tom Wolf signed a $31.5 billion budget after lawmakers filled a $1.3 billion gap through a patchwork of tax hikes and revenue assumptions.

A dispute over parking payments continues amid S&P Global Services' downgrade to junk bond status of bonds that funded a long-term parking lease.

The speed of Pennsylvania's response to its $1.2 billion budget imbalance will make a difference when it sells general obligation bonds next week.

Bond rating agencies, muni analysts and even constitutional experts are watching Pennsylvania after the governor let an unbalanced budget take effect without his signature.

Cincinnati, Ohio-based Dinsmore & Shohl LLP has hired Michael Jackson to expand its public finance practice in Philadelphia, Pennsylvania.

Gov. Tom Wolf said he would let Pennsylvania's $31.5 billion budget become law without his signature if lawmakers cannot agree on how to plug a $1.3 billion hole.

Brexit, the United Kingdom’s referendum vote to leave the European Union, may complicate the fiscal strife facing many Northeast states by adding another variable to problems that were already present.

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Pennsylvania's legislature sent Gov. Tom Wolf a $31.5B on-time budget. All that's needed is $1.2 billion to balance it.