Pennsylvania

With the Pennsylvania General Assembly considering legislation to rework the redevelopment assistance capital program, state Treasurer Rob McCord offered additional changes that he said would enhance the capital budget process.

Four companies remain in the running to purchase the incinerator in Harrisburg, Pa., that is the focal point of the city's debt crisis.

The state-appointed receiver overseeing Harrisburg, Pa.' finances said he will announce on Tuesday his short list of qualified bidders to operate the city' incinerator, water and sewer system, and parking system.

Pennsylvania’s General Assembly has advanced to the Senate a bill requiring an annual financial and management audit of the Delaware River Joint Toll Bridge Commission by auditors in both the Keystone State and New Jersey.

Harrisburg's intention to skip general obligation bond payments totaling $5.3 million that are due Thursday have bond market and other observers wondering what will happen next in Pennsylvania's capital city.

Harrisburg, Pa., will skip $5.3 million in general obligation bond payments due March 15, its state-appointed receiver said Friday.

Fitch Ratings downgraded Chester Community Charter School’s revenue bonds to BB from BBB, bringing the Pennsylvania school’s rating to below investment grade.

Financially distressed Harrisburg, Pa., plans an eight-day auction of Wild West artifacts in mid-July, Mayor Linda Thompson announced.

When the Pennsylvania Economic Development Authority issued $107 million of debt in January to bail out defaulted bonds in connection with the 10-story Forum Place office building in Harrisburg, critics called it another incinerator-type fiasco in Pennsylvania's capital city.

The attorney representing Harrisburg, Pa.'s City Council in its bankruptcy filing has filed another appeal of the rejection of its Chapter 9 case.

The Harrisburg Authority public-works agency has authorized chairman Marc Kurowski and interim executive director Shannon Williams to explore selling authority-owned historical artifacts through the same auction house that is selling similar items the city of Harrisburg, Pa., owns, the Patriot-News reported.

Three Harrisburg citizens, including a former mayoral candidate, have requested a federal court to impose an emergency temporary injunction to halt the state-appointed receiver in Pennsylvania's capital city from implementing a financial recovery plan.

It could take two years to close the deal, but Philadelphia Mayor Michael Nutter favors selling the city's 175-year-old gas company if price and conditions are acceptable.

The Commonwealth Court of Pennsylvania will hold a public hearing on receiver David Unkovic’s financial recovery plan for capital city Harrisburg on March 1.

Gov. Tom Corbett on Monday night signed a bill that lets Pennsylvania counties impose a fee on natural gas wells in the Marcellus Shale region.

The state-appointed receiver for financially ailing Harrisburg wants to close on the sale or lease of the city's two main assets by the end of June — the incinerator that's ground zero in the debt crisis in Pennsylvania's capital city, and its revenue-producing parking garages.

Harrisburg's receiver said that recovery for Pennsylvania's capital city starts with finding out how much cash upfront it can get for its assets.

Shortly after two of the top three credit rating agencies improved their outlooks for the city to stable from negative, Pittsburgh sold $114.5 million of general obligation bonds to provide funds for overdue capital improvement projects and save money through a refunding.

State-appointed receiver David Unkovic’s long-awaited financial plan for the struggling city of Harrisburg, Pa., is due Monday.

The attorney for the Harrisburg, Pa., City Council said he might appeal the latest federal rejection of its Chapter 9 bankruptcy petition.