Pennsylvania

Pennsylvania finally has a state budget but remains vulnerable to more rating downgrades, said a Philadelphia-based municipal strategist.

Pennsylvania Gov. Tom Wolf said he would allow the nine-months-late fiscal 2016 budget to become law without his signature.

The University of Pennsylvania received a one-notch bond rating upgrade from Moody’s Investors Service, to Aa1 from Aa2.

Scranton, Pa., may finance its $31.5 million back-pay settlement with police and fire unions with a refunding of some of its $50 million stranded parking authority debt, officials said.

Gov. Tom Wolf and the Pennsylvania legislature are still at odds over a tardy $30 billion fiscal 2016 budget, even after lawmakers sent him another version.

So-called headline and political risk, notably in Pennsylvania, could further complicate an already difficult muni landscape, according to PNC Capital Markets.

A settlement over back pay for the city’s police and fire unions is a major step to financial recovery in Scranton, Pa., says Mayor Bill Courtright.

Pennsylvania’s budget impasse may force the Red Lion Area School District into bankruptcy, its superintendent said.

The ambitions of the $4.1 billion budget Philadelphia’s Mayor Jim Kenney outlined Thursday hinge largely on new borrowing and a proposed soda tax.

Pennsylvania slipped closer to a rating downgrade Thursday when Standard & Poor’s placed its AA-minus general obligation rating on credit watch with negative implications.

Pennsylvania Gov. Tom Governor Wolf has a treatable form of prostate cancer, he announced Feb. 24.

Activist Barry Shutt, looking for a wakeup call, intends to display his new Pennsylvania pension debt clock at the state capitol complex in Harrisburg.

Moody's downgrades three struggling Pennsylvania school districts and withdraws their enhanced ratings based on pre-default intercept programs.

The City of Philadelphia has added its backing to an ongoing lawsuit against Pennsylvania officials over the state's school funding formula.

Philadelphia’s Temple University is allocating a $1 million study to examine building a new on-campus football stadium.

A grim Pennsylvania Gov. Tom Wolf urged lawmakers to plug a $2 billion budget deficit that he said has bond rating agencies poised for more downgrades.

Pennsylvania Gov. Tom Wolf will release his fiscal 2017 budget with the current one still unfinished and amid a Moody's warning about escalating pension costs.

The first Philadelphia Area Municipal Analyst Society meeting of 2016 will provide an outlook for what to expect in the municipal bond market this year.

Pennsylvania road revenues will over the next 12 years will be $6 billion shy of the $34 billion needed for its long-range plan.

Pennsylvania's intercept programs for school districts remain a strong credit feature despite downgrades related to the state's budget impasse, said Janney.