Pennsylvania

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.

The Philadelphia Parking Authority, already under state scrutiny for costing public schools nearly $78 million of revenues because of mismanagement, is now a focus of the city’s new fiscal watchdog.

The school district established a leadership team as it exercizes local control for the first time in more than 16 years.

Tax accountants, financial advisors, private schools, and other organizations are advertising tax credits for donating to private K-12 voucher funds as ways to "sidestep," "bypass," "circumvent," or "mitigate" the impact of the federal SALT deduction cap, according to a survey.

Six straight treasurers want SEC chairman Jay Clayton to stay the course on the commission's forced arbitration policy.

Eric Papenfuse called for a hiring freeze and renewed scrutiny for all non-essential spending after the state budget did not give him the taxing flexibility he seeks.

Mayor Eric Papenfuse said he will declare a fiscal crisis for Pennsylvania's capital after state lawmakers would not let the city exit distressed status while keeping its special taxing authority.

Illinois and Pennsylvania are the only two with a negative rating outlook, Fitch Ratings said Tuesday.

A federal judge granted a motion by Ed Pawlowski's defense attorney for a 60-day extension.

Officials say a long-awaited transit project reached the finish line thanks to the federal transportation grant program.

Rep. Mike Tobash and Treasurer Joe Torsella chair a panel that will seek a combined $3 billion in savings for the state's two top pension plans.