Pennsylvania

The state government is holding back school aid while it waits for lawmakers to pass a budget. That's hurting some schools more than others. 

A injunction blocked the service cuts that would have balanced SEPTA's budget. 

Philadelphia's economy has been growing. But deep cuts Pennsylvania may impose on the regional public transportion system could have serious negative impacts.

The Southeast Pennsylvania Transportation Authority implemented drastic cuts and warned that more cuts and fare hikes are on the way without state funding.

Municipal issuers in the Northeast sold $72.25 billion of bonds in the first half of 2025, up 14.7% year-over-year, propelled by new money and GO deals.

The trustees of the University of Pennsylvania entered into a $300 million loan this month as part of a broad strategy to ensure access to liquidity.

Noble Environmental was sued by a shareholder last year in a case that is unresolved as it plans a $250 million tax-exempt debt offering.

White, who served as CEO of the financial advisory firm for over three decades before retiring at the end of 2011, passed away on Friday.

The university cut campuses in areas with declining populations; this week it plans to issue bonds to fund football stadium renovations.

State governments would either have to spend more or fewer people would be covered, or a combination of the two, under the GOP's Medicaid and SNAP cuts.

Higher borrowing costs without the tax exemption could force public water, sewer and power providers to raise rates, neglect infrastructure, or sell systems.

Hospital and health insurance operator UPMC's $735 million deal looks routine. But the volatile healthcare and insurance environments may disrupt that standard.

Josh Shapiro suggested modest spending hikes — and even more modest revenue growth. 

Williams, a former salesman and founder of A. H. Williams & Co., became a "giant" in the Pennsylvania muni world through relationships built on trust. 

The muni market saw $507.585 billion of debt issued in 2024, up 31.8% from $385.061 in 2023. This surpasses the previous record of $484.601 billion in 2020 by more than $20 billion, per LSEG data.

Robert McDermott has joined the firm as a director.

Governments once stayed for decades in the state program for distressed municipalites; one official called it a "roach motel." Today, only three towns remain.

A bankrupt city's only asset is mired in its history of corruption and a statewide fight over utilities privatization.

The Philadelphia-based university straddles the higher education and healthcare sectors, but market demand suggests it's greater than the sum of its parts.

Legal arguments in progress as the troubled city southwest of Philadelphia nears year three of bankruptcy could have wide-ranging precedents.