Pennsylvania

Philadelphia’s outlook was revised to negative from stable by Moody’s Investors Service, which cited concerns about weakened reserves.

In an effort to pull in more revenue for New Jersey, Gov. Chris Christie revoked a nearly 40-year tax agreement with neighboring Pennsylvania.

Nearly 10,000 tax-abated properties will return to Philadelphia's tax rolls over the next five years adding an estimated $55 million in new revenue, City Controller Alan Butkovitz said.

Pennsylvania Auditor General Eugene DePasquale has begun an audit of Pittsburgh's public pension plan and repeated his call for statewide overhaul.

The National Development Council closed its $32 million parking system transaction with Scranton, Pa.

The $2.5 billion line of credit Pennsylvania’s Treasury extended to the state to support its general fund is a credit negative, according to Moody’s.

Moody's upgrades Pennsylvania's school district pre-default enhancement program to A2 from Baa1, citing a new state law.

A Pennsylvania school district said it expects to receive a proposed adverse determination letter from the Internal Revenue Service stating general obligation bonds it issued in 2005 and advance refunded in 2013 are taxable.

Federal corruption charges against a former state treasurer did not motivate a probe of Pennsylvania's two public pension systems, said state Auditor Eugene DePasquale.

Pennsylvania Auditor Eugene DePasquale plans to investigate the state's two largest pension systems, saying he wants to ensure that both systems are operating as efficiently and transparently as possible.

A rating agency sees progress in Pennsylvania’s new budget toward reducing the underfunding of its pension systems, though skepticism remains abundant about the state’s approach to the problem.

The Philadelphia Regional Port Authority has tapped Jeff Theobald of Ports America Outer Harbor in California to replace recently departed executive director James T. McDermott, Jr.

Pennsylvania’s $1.3 billion revenue package that balanced its fiscal 2017 budget is a strong step toward long-term budget balance, said Moody’s.

After passage of a $31.5 billion budget, S&P Global Ratings removed Pennsylvania from credit watch with negative implications.

Pennsylvania's fiscal 2017 budget makes progress on, but does not fully resolve the commonwealth's sizable structural budget gap, according to Fitch Ratings.

Gov. Tom Wolf signed a $31.5 billion budget after lawmakers filled a $1.3 billion gap through a patchwork of tax hikes and revenue assumptions.

A dispute over parking payments continues amid S&P Global Services' downgrade to junk bond status of bonds that funded a long-term parking lease.

The speed of Pennsylvania's response to its $1.2 billion budget imbalance will make a difference when it sells general obligation bonds next week.

Bond rating agencies, muni analysts and even constitutional experts are watching Pennsylvania after the governor let an unbalanced budget take effect without his signature.

Cincinnati, Ohio-based Dinsmore & Shohl LLP has hired Michael Jackson to expand its public finance practice in Philadelphia, Pennsylvania.