Pennsylvania

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.

The strategy could save the commonwealth roughly $300 million when compounded over 20 years, said state Treasurer Joe Torsella.

The Philadelphia region's services sector improved in May, according to the Federal Reserve Bank of Philadelphia.

They seek damages damages from a litany of professional firms over the capital city's plunge to near bankruptcy.

The Pennsylvania Supreme Court will determine the future of the city's beverage tax policy.

The commonwealth expects to come to market Wednesday with a competitive issuance.

New Jersey, Pennsylvania, and other states are hoping to capitalize on gaming legalized by the Supreme Court's decision on Monday.

Rising property values prompted a new look at a tax incentive policy implemented at the turn of the 21^st century.

The commonwealth's web portal enables tracking general-fund balance in real time, among other features.

Pittsburgh exited successfully from the Act 47 workout, but other communities hang around for decades.

FirstEnergy Corp. has reached a settlement with bond holders of pollution control notes issued by its bankrupt subsidiary FirstEnergy Solutions.

Allegheny County Executive Rich Fitzgerald wants to raise nearly $114.5 million through issuing bonds to pay for the county's capital budget.

Allegheny College wants Crawford County approval to have up to $41 million in tax-exempt bonds issued through the county Industrial Development Authority.

An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.

The bankruptcy process could take 18 to 36 months to sort out, one municipal analyst said.

The report illustrates how federal, state and local laws must be changed if the Supreme Court rules in favor of South Dakota and against Wayfair Inc. in an online sales tax case.