Pennsylvania

Pennsylvania's Commonwealth Financing Authority will issue $400 million of debt Wednesday, including $335.6 million of taxable Build America Bonds, for water and sewer projects throughout the state.

The Pennsylvania Turnpike Commission Thursday evening re-filed its application to the Federal Highway Administration to implement tolls on Interstate 80.

Capital projects at higher educational institutions, prisons, and construction of a new convention center in Philadelphia could hit a financing roadblock if state legislators in November fail to pass ­Pennsylvania’s fiscal 2010 Capital Debt Act.

Standard & Poor’s last week withdrew its rating on North Philadelphia Health System’s 1997A bonds after downgrading the debt to CCC from AAA.

Pennsylvania Gov. Edward Rendell last week announced a $22 million allocation towards technology companies, creating a potential 375 jobs in the industry.

Fitch Ratings last week affirmed its AA rating and stable outlook on ­Pennsylvania’s approximately $8.7 billion of general obligation debt.

Pennsylvania Gov. Edward Rendell is waiting for the legislature to deal him one last card in the state’s long-playing budget stalemate — a bill that would generate about $200 million this year by implementing blackjack and poker games at the state’s slot casinos.

Philadelphia is set to give pink slips to about 3,000 city employees Friday, but a bill that sits in the Pennsylvania Senate could help the city balance its fiscal 2010 budget and avert the massive layoffs and service reductions.

A fiscal oversight board Friday granted Philadelphia additional time to receive legislative approval for initiatives that would help the city balance its fiscal 2010 budget and avoid massive layoffs and service ­reductions.

Reading could be placed under state oversight to help it address budget deficits and shrinking revenue if Pennsylvania officials approve the city’s request for supervision.