Pennsylvania

The commonwealth's largest public pension fund acknowledged an erroneous investment return that was just high enough to avoid triggering a teacher risk-sharing provision.

Gov. Tom Wolf said the tax has become unreliable for funding the commonwealth's vast network.

The city relies on the levy as a whole for 43% of its general fund revenue amid a national debate over work-from-home dynamics that could reach the U.S. Supreme Court.

The Pennsylvania treasurer, who leaves office Tuesday, says municipalities can artificially inflate their bottom lines through these revenue sources.

City officials say the continuation of enhanced taxing authority from Pennsylvania will help it refinance debt and avoid another fiscal cliff.

Joe Torsella still advised that such a move to backstop the commonwealth's two largest public retirement funds is no panacea.

City Council-approved residential construction tax and changes to a property tax abatement program paves the way for a borrowing plan that would aid the city’s poorest communities.

Pennsylvania nonprofit health system’s aggressive expansion has left it with a massive debt load, although default not an issue.

Municipal water and sewer utilities are considered among the best positioned public finance sectors to confront COVID-19 related credit risks.

The contest that took nearly a week to finalize was among several races that epitomized the state's sharp political divide.

Options for local governments amid the coronavirus range from rainy-day withdrawals to pension payment delays, and renewed calls for shared services and mergers.

The NBA team's plans for an arena financed with development bonds were dashed when a city-linked organization advanced a non-sports-centered waterfront plan.

Declining occupancy levels at privatized student housing projects are likely to continue into early 2021 as the sector confronts headwind from the COVID-19 pandemic, according to analysts.

Christian Dunbar was hit with multiple federal charges tied to alleged immigration fraud and embezzlement schemes before he joined the city government.

Feeling the revenue hit from the coronavirus, the commission has received state approval for a second delay in $112.5 million quarterly transit payments.

Billions of public funds have been spent cleaning up the bay, but two lawsuits say those efforts are endangered because the EPA failed to do its job.

The $73 million in present value savings over the next three years will help offset the costs of the coronavirus pandemic.

S&P Global Ratings revised its outlook on Pennsylvania's A-plus rating to negative from stable ahead of Wednesday's competitive general obligation bond sale.

The governor cited budget and social justice benefits from a measure to legalize cannabis, which officials say could bring in $600 million of new revenues.

Joe Torsella said the online tool will help portray long-term drivers of the state’s financial picture.