Pennsylvania

Gov. Tom Wolf said he would let Pennsylvania's $31.5 billion budget become law without his signature if lawmakers cannot agree on how to plug a $1.3 billion hole.

Brexit, the United Kingdom’s referendum vote to leave the European Union, may complicate the fiscal strife facing many Northeast states by adding another variable to problems that were already present.

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Pennsylvania's legislature sent Gov. Tom Wolf a $31.5B on-time budget. All that's needed is $1.2 billion to balance it.

Pennsylvania's House of Representatives on Tuesday night passed a $31.6 billion budget bill as the deadline hovers for a new fiscal year.

Philadelphia's new tax on sugar-sweetened beverages is a credit positive for Pennsylvania's largest city and is expected to improve its financial position, according to Moody's Investors Service.

A new sugar-sweetened beverage tax approved by the Philadelphia City Council last week will have little impact on city finances, according to Janney Capital Markets.

As Pennsylvania weighs moving new state hires into a hybrid plan partly based on 401(k)-style defined contributions, critics say it still leaves a massive unfunded liability untouched.

Development of Philadelphia’s 30th Street Station and several follow-up projects planned in the immediate area will generate billions in new taxes to the city and state, Amtrak and its partners said.

A former vice president at Bryn Mawr Trust Co. is asking several federal and state agencies to investigate the Pennsylvania bank for possible fraud.

Scranton, Pa., which received its first bond rating in five years — junk-level BB from S&P — intends to sell $40 million to fund a back-pay settlement with police and fire unions.

Changes to Pennsylvania school district enhanced ratings by bond agencies are confusing the capital markets, according to PNC Capital Markets.

The Philadelphia Area Municipal Analysts Society (PhAMAS) is holding two public pension days on June 9 and July 13 exploring how issuers are addressing legacy costs.

Unrated Scranton, Pa., announced a P3 under which nonprofit National Development Council will manage its parking system.

Debt gone wild at the teetering Penn Hills, Pa., School District has raised the specter of criminal probes after a scathing report by Pennsylvania's state auditor.

Mandated cost increased and an inability to raise revenue are hampering the Philadelphia School District with persistent budget deficits, according to a new audit from Pennsylvania Auditor General Eugene DePasquale.

As Pennsylvania lawmakers debate Gov. Tom Wolf's proposed $32 billion fiscal 2017 spending plan, many municipal analysts view the state's prospects in a negative light.

Standard & Poor's has discontinued its underlying rating for credit enhancement programs on rated Pennsylvania school districts.

Moody's Investors Service affirmed Pennsylvania's Aa3 general obligation rating Monday and kept the commonwealth's outlook at negative following its passage of a 2016 budget nine months into the fiscal year.

The Philadelphia Area Municipal Analyst Society will explore how the city’s academic medical centers can adapt to stay ahead of a rapidly evolving healthcare environment at the organization’s meeting next week.