Pennsylvania

Growing disconnects between state and local governments across the U.S. are especially impacting municipalities in the neighboring Northeast states of New Jersey and Pennsylvania, panelists emphasized at the The Bond Buyer’s Mid-Atlantic Municipal Market conference Tuesday.

Navigating the regulatory minefield is one of the biggest challenges facing the Mid-Atlantic muni market, officials from underwriting firms said at a Bond Buyer conference in Philadelphia.

Pittsburgh is poised to leave state fiscal oversight by 2019, said Mayor Bill Peduto.

Pennsylvania Treasurer Timothy Reese expects to huddle with Wells Fargo representatives soon in light of the bank's fake-accounts scandal.

Pennsylvania Gov. Tom Wolf, while dodging specifics, said he and legislative leaders are working on a local pension overhaul package.

Pennsylvania's local pension funding problem requires a comprehensive state-level fix, said state Auditor General Eugene DePasquale.

The Philadelphia Parking Authority is facing a probe from Pennsylvania’s auditor general following multiple sexual harassment allegations.

The Internal Revenue Service appears to have reversed itself in recently closing an audit with no change to the tax-exempt status of some general obligation bonds issued by a Pennsylvania school district issued in 2005 and advance refunded in 2013.

New Jersey Gov. Chris Christie's Sept. 2 decision to revoke a nearly 40-year tax reciprocity agreement with neighboring Pennsylvania does not pose an immediate credit impact for either state, according to S&P Global Ratings.

The Pennsylvania Turnpike Commission is headed toward a fiscal pileup that could imperil the state’s entire transportation system, said state Auditor General Eugene DePasquale.