Pennsylvania

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.

Bond banking, law, and government all decorate Mark Schwartz's resume. "I have a tripolar background," he said.

The Pennsylvania Senate’s top Republican wants an impact fee on companies that drill for natural gas in the Marcellus Shale region and he wants it soon.

The City Council in financially strapped Harrisburg is considering a series of bills to increase parking revenue.

While Pennsylvania lawmakers are crafting a state takeover of Harrisburg, officials in the financially strapped capital aren't giving up control without a fight.

Two Pennsylvania lawmakers on Tuesday began fast-tracking legislation that would enable a takeover of capital city Harrisburg and authorize Gov. Tom Corbett to declare a state of emergency.

Moody's Investors Service Tuesday downgraded Lackawanna County, Pa., five notches to a speculative-grade Ba3 from Baa1.

While a state takeover looms for Harrisburg after the City Council on Tuesday night again rejected a financial recovery plan, Pennsylvania's capital will be able to meet its general obligation bond obligations and make payroll for the rest of the year.

Fitch Ratings upgraded the underlying rating on $430 million of outstanding Pennsylvania Turnpike Commission registration fee revenue refunding bonds, Series 2005, to AA-minus from A-plus with a stable outlook.

Pennsylvania's beleaguered capital received some positive news when the Harrisburg Parking Authority agreed to help the struggling city make general obligation payments due next week with a loan package.

The Pennsylvania Housing Finance Agency is scheduled to sell $81.4 million of single-family mortgage revenue bonds on Thursday after a one-day retail period.