Pennsylvania

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.

Pennsylvania Gov. Tom Wolf announced a facelift for the Harrisburg Transportation Center and its surrounding areas, using up to $60 million in state and federal funds.

The Allentown, Pa., City Council voted no confidence against Mayor Ed Pawlowski, who says he won't resign as an FBI corruption probe hovers over City Hall.

Pennsylvania's interim budget reinforces the commonwealth's commitment to supporting full, timely payment of school district debt, Fitch Ratings says.

Book author and state Representative John McGinnis says Pennsylvania lawmakers have it backwards when they treat pension bills as mere budgetary bargaining chips.

In the latest twist to Pennsylvania's budget crisis, state Treasurer Timothy Reese extended a $2 billion line of credit to the commonwealth to prop up its its general fund balance.

Pennsylvania phased out its 172-year-old capital stock and foreign franchise tax, with Gov. Tom Wolf calling it “an unfair tax on business” that he was committed to eliminating.

Pennsylvania’s school districts, counties and human services organizations are in store to receive delayed payments the state Treasury completed sending out nearly $3.3 billion.

Pennsylvania Gov. Tom Wolf’s release of emergency school funds through a partial budget signing is a positive for the commonwealth’s school districts, says Moody’s.

Scranton, Pa., made a full, on-time payment to its pension system in what local officials consider another step to restoring credit-worthiness.

Philadelphia’s general fund tax revenues are up $85 million for the first five months of the 2016 fiscal year, according to City Controller Alan Butkovitz’s new economic report released on Dec. 30.

Pennsylvania still lacks a complete budget despite sighs of relief from school districts that will receive catch-up funding.

Gov. Tom Wolf's six-month emergency funding provision for Pennsylvania's school districts is good news for the bond markets, said a municipal credit analyst.

In the latest bizarre turn to Pennsylvania's budget drama, the Senate sends Gov. Tom Wolf a trimmer, House-favored $30.3 billion spending plan.

The Philadelphia School District was downgraded five notches Tuesday night as a result of Moody’s Investors Service adopting a new rating approach to Pennsylvania State Aid Intercept Program.

Pennsylvania neared the end of its budget stalemate Wednesday, only to see momentum halted by opposition in the House of Representatives to proposed pension system changes and new taxes just hours before Christmas Eve.

Pennsylvania’s House, after an afternoon of parliamentary back-and-forth, moved toward a vote on the full $30.8 billion budget framework on which Gov. Tom Wolf and Senate leaders agreed.