Pennsylvania

With Philadelphia’s general fund surplus returned to near pre-recession levels, the city’s fiscal watchdog says now is the time to prepare for the next economic downturn.

U.S. District Judge Juan Sánchez gave Ed Pawowski the maximum sentence for his conviction on 47 charges related to a pay-for-play scheme.

S&P said Pennsylvania's rejection of Wilkes-Barre from a state workout program presents no immediate pressure to its overall credit quality.

The grand opening of Bancroft Capital, a certified service-disabled veteran-owned small business, is set for Veterans Day.

The Internal Revenue Service has taken no action regarding tax-exempt refunding bonds that were issued for Gettysburg College in 2010, after closing an audit that appears to have been randomly initiated.

The Philadelphia region's services sector “continued to expand” in September albeit at a slower pace.

Pennsylvania’s two largest public pension systems are paying much higher private equity fees than they report -- a nearly $4 billion differential -- a finance professor told an oversight panel.

The median net pension liability in the nation’s 15 largest cities jumped 16% on a per capita basis in fiscal 2017, S&P Global Ratings said Wednesday.

A state agency said the Luzerne County city should explore alternatives to the Act 47 workout program.

Ed Pawlowski will face sentencing in a federal court Oct. 23 for his conviction on corruption charges.

Pennsylvania's chief financial officer launched an audit of the Philadelphia-based public university.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

Moody’s cited the Pennsylvania city’s continued reliance on its 2013 utility sale to sustain operations.

The bonds were issued by the Chester County Industrial Development Agency for West Chester University in Pennsylvania.

The city's struggles reflect those of northeast Pennsylvania’s depressed coal region.

The authority received upgrades from Moody’s on its two variable rate debt issues backed by bank letters of credit.

A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.

The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.

Mayor Paul George wants to bring the city into the Act 47 workout program for struggling municipalities.

The deposit exceeds some pre-budget estimates that the fund would receive $14 million, said Gov. Tom Wolf.