Pennsylvania

The Pittsburgh City Council is scheduled to vote Tuesday on a sale of $125 million in general obligation bonds. Officials say it’s the city’s largest bond ever, and the first new debt issued under Mayor Luke Ravenstahl.

Moody’s Investors Service withdrew its rating for Lackawanna County, Pa., affecting $202.7 million of outstanding general obligation debt.

PFM Advisors, a division of PFM Asset Management, has named Biagio Manieri director of research.

Another player in the Harrisburg debt crisis intends to seek office.

Capital city Harrisburg’s incinerator debt crisis is on the radar of federal investigators, the Patriot-News reported.

Pennsylvania lawmakers and Gov. Tom Corbett are debating what to do with Chester Upland's teetering school district, in a case that has drawn statewide and even national attention.

A forensic audit focusing on the incinerator bond deals largely responsible for driving Harrisburg into insolvency has prompted another request for federal investigations into the transactions.

William Rhodes became chairman of the public finance department at Ballard Spahr LLP, the Philadelphia law firm announced.

Philadelphia has lost $331 million in net interest payments and cancellation fees related to swaps, the Pennsylvania Budget and Policy Center wrote in a report.

Harrisburg's City Council has delayed a vote on overriding mayor Linda Thompson's veto of the $54.3 million annual budget, citing a law that requires a three-day waiting period after the veto.

Dire warnings about the future of the Pennsylvania Turnpike Commission based on a $450 million-per-year infrastructure payment requirement are overstated, according to a research report.

Gloria Martin-Roberts is the latest Harrisburg City Council member to announce her candidacy for state representative in the 103rd Legislative District.

"Questionable practices" regarding the financings of the incinerator retrofit project in Harrisburg, Pa., merit a further investigation by the Internal Revenue Service and the Securities and Exchange Commission, the attorney for the City Council said in a report issued Friday.

Pennsylvania, when its lawmakers convene next week, looks to become the latest state to consider issuing bonds to pay for billions of dollars in debt related to unemployment benefits.

Moody’s Investors Service has corrected its outlook to negative from stable on Montgomery County’s Aaa bond rating.

A federal judge late Tuesday afternoon denied an appeal by the Harrisburg, Pa., City Council of a ruling that invalidated its bankruptcy filing.

The Harrisburg City Council will appeal a federal judge's ruling that invalidated the bankruptcy filing of Pennsylvania's capital city, according to its attorney.

Standard & Poor’s affirmed its BBB-plus credit rating and stable outlook for the not-for-profit ACTS Retirement-Life Communities of West Point, Pa.

Pennsylvania collected $1.7 billion in general fund revenue in November, Secretary of Revenue Daniel Meuser reported.

Metro Bank filed a nearly $52,000 mortgage foreclosure action against Harrisburg Mayor Linda Thompson in Dauphin County Court, the Harrisburg Patriot-News reported.