Pennsylvania

Harrisburg, Pa., Mayor Linda Thompson has requested that the judge overseeing the City Council's bankruptcy filing authorize expenses to vendors.

Pennsylvania Gov. Tom Corbett has announced the investment of $84 million in 18 non-point source, drinking water, and wastewater projects in 14 counties.

Auditor general Jack Wagner called for increased investment in Pennsylvania’s crumbling roads and bridges, echoing suggestions made by Gov. Tom Corbett’s advisory commission over the summer.

Harrisburg's City Council will hold a special meeting at 6 p.m. Monday with Mayor Linda Thompson and Pennsylvania officials to discuss recently enacted legislation authorizing a state takeover of the city.

Standard & Poor’s lowered its long-term rating on the Philadelphia Hospitals and Higher Education Facilities Authority’s revenue bonds, issued for Temple University Health System, to BBB-minus from BBB.

Pennsylvania completed an $811.6 million general obligation bond sale on Tuesday, obtaining what Budget Secretary Charles Zogby called one of the state’s lowest interest rates ever.

Moody’s Investors Service has placed the Ba3 rating on the Harrisburg Parking Authority’s $18 million of outstanding guaranteed Series 2007T revenue bonds on review for possible downgrade.

Pennsylvania's House Wednesday passed a bill that would allow Gov. Tom Corbett to declare a state of fiscal emergency in the capital, Harrisburg, and appoint a receiver to run its finances.

Pennsylvania's Senate on Tuesday afternoon approved a bill to put its capital, Harrisburg, into receivership.

A judge on Monday placed the Chapter 9 bankruptcy filing by Harrisburg's City Council on hold for a month, while a few blocks away in Pennsylvania's capital, lawmakers continued their push for a state takeover of the struggling city.

In 2003, the City Council in Harrisburg, Pa., voted 6 to 1 for a $125 million loan to fix up its local incinerator, formally known as the Resource Recovery Facility.

After four years on the market, Philadelphia’s Please Touch Museum sold its old building near the Franklin Institute to the Isen Trust.

Pennsylvania collected $2.3 billion in general fund revenue in September, which was $151.8 million, or 6.1%, less than expected, Secretary of Revenue Daniel Meuser reported.

The Pennsylvania State Employees’ Retirement System has replaced two firms that had advised it in buying private stock, bond, hedge fund, and venture capital investment since the 1990s, the Philadelphia Inquirer reported.

Pennsylvania Gov. Tom Corbett appointed Charles Kopp, Boise Butler 3d, John Soroko and James Shacklett 3d to four-year terms on the Philadelphia Regional Port Authority.

The City Council votes by a narrow majority to file for bankruptcy. The mayor opposes the filing, as does the city solicitor. The state has a bankruptcy restriction in place — which opponents say is too loosely written — and will likely pass a bill next week bill authorizing a takeover of its capital city.

Harrisburg's Chapter 9 bankruptcy filing immediately raised questions about the legality of the move as experts pondered the impact on the municipal bond market.

For the second time in two weeks, a Pennsylvania county has received a multi-notch downgrade from a major bond rating agency.

The Philadelphia Hospitals and Higher Education Facilities Authority will negotiate a $270 million sale of tax-exempt, fixed-rate bonds Thursday to benefit the Children's Hospital of Philadelphia project.

Moody's Investors Service late Tuesday placed the Ba1 rating for Harrisburg Authority's $69.4 million of Series 2008 water refunding bonds under review for possible downgrade.