Pennsylvania

Pennsylvania expects to save employers up to $100 million in interest payments over seven years with its $2.8 billion sale of unemployment compensation bonds, its labor department says.

The Pennsylvania Higher Educational Facilities Authority is expected to sell $200 million of revenue bonds on Tuesday and the New Jersey Economic Development Authority is expected to sell $400 million of bonds and notes on Wednesday, with retail pricing Tuesday.

Strained Northeast cities look to service sharing for savings and cost efficiencies, while tearing down old barriers of turf and jobs.

Moody's Investors Service upgraded Erie County, Pa. to Aa2 from Aa3.

After an overhaul of its parking authority, the Scranton, Pa., City Council voted unanimously to cover an authority bond payment due Saturday.

To no one's surprise, Harrisburg, Pa., will miss its GO bond payment for the second time this year. Observers say the move won't ripple the bond markets.

Baird has expanding its public finance team in Philadelphia by adding Timothy Connor as a director.

In a move that came as no surprise, receiver William Lynch said Harrisburg, Pa., will skip its $3.4 million general obligation bond payment due this week.

A Commonwealth Court of Pennsylvania judge has delayed her order compelling the City Council in state capital Harrisburg to double its earned-income tax.

Monroe County, Pa. commissioners said they would support a $35 million bond referendum for open space if an economic development initiative is added.

Some Harrisburg, Pa., City Council members are prepared to risk a contempt charge and vote against a court order to double the city's earned-income tax.

Teetering Scranton, Pa., closes on a deal with Amalgamated to borrow $6.25 million in tax-anticipation notes, which the city says will bring short-term relief.

Amid a court order to raise an earned-income tax, Harrisburg, Pa'.s City Council could seek an injunction, ask for clarification or refuse and risk contempt.

Harrisburg, Pa.'s City Council and its lawyer are discussing whether to appeal a state court ruling that requires it to double the earned income tax.

The Commonwealth Court of Pennsylvania has granted a motion by Harrisburg, Pa.'s receiver William Lynch to force the City Council to double its earned-income tax as part of the financial recovery plan in the state capital.

Harrisburg controller Dan Miller says the tax increase receiver William Lynch seeks in court won't rescue Pennsylvania's capital city from the financial abyss.

The Pennsylvania Higher Educational Facilities Authority is scheduled to sell $45 million of bonds for Thomas Jefferson University and $31 million for the University of the Sciences in Philadelphia on Tuesday.

Scranton, Pa.'s City Council approved its financial recovery plan moments after landing a $6.2 million tax-anticipation notes deal from Amalgamated Bank.

A legal battle over the ability of a state-appointed receiver to force capital city Harrisburg to increase taxes played out in a Pennsylvania court.

Harrisburg, Pa., could miss another general obligation bond payment in mid-September in order to make payroll and could run out of cash altogether by the end of next month.