Pennsylvania

WILKES-BARRE, Pa. -- The city ended 2016 with a deficit, affirming Mayor Tony George's warning that the $51.5 million general fund budget he inherited upon taking office last year would not balance.

"This is deeply troubling," treasurer Joe Torsella said of the commonwealth's revenue situation

The rating agency cited a liquidity boost from its sewer-system sale.

Thomas D. Zoidis, a former municipal finance professional in Philadelphia, died on July 27. He was 84.

The plan features tax increases and $1.3 billion of new borrowing.

The agency maintains its AA-minus rating on the commonwealth while awaiting a revenue package.

President Trump's impact on public finance will be explored at the next Philadelphia Area Municipal Analysts Society meeting Thursday.

As a Netflix film crew staged a theatrical FBI headquarters at district facilities this week, the Woodland Hills, Pa., Board of Education convened Wednesday to address the school district's ongoing real-life drama.

The action certified the city's five-year fiscal plan, though the board noted concern about low reserves.

Assumptions and contributions torpedoed Pennsylvania's pension funds, a University of Chicago report says.

A merger between Philadelphia University and Thomas Jefferson University will have no immediate credit impact , according to Moody’s Investors Service.

Gov. Tom Wolf and Pennsylvania lawmakers must still agree on a revenue package

Gov. Tom Wolf bought time to pass the bills necessary to fund Pennsylvania's $32.2 billion spending plan.

Philadelphia’s new five-year fiscal strategy was endorsed by City Controller Alan Butkovitz.

Pennsylvania state leaders are still negotiating how to fund their new budget.

Pennsylvania’s budget inaction landed the state on credit watch with negative implications.

The Lackawanna County, Pa., administration expects to save $5.25 million by refinancing another $58.49 million of the county's debt.

A skeletal $32 billion fiscal 2018 Pennsylvania budget was scheduled to make its way through the Senate.

A delayed Pennsylvania budget would only have a minor effect on schools, S&P Global Ratings said

City Council moved forward with a plan to refinance Meadville, Pa.'s debt burden at Wednesday's meeting following a gloomy discussion of current and upcoming infrastructure needs. Council will likely vote to on the refinancing plan at its July 19 meeting.