Pennsylvania

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.

Standard & Poor's revised its outlook to stable from positive for Wilkes-Barre, Pa.’s GO bonds, citing weaker liquidity.

An emphatic weekend rejection of a pension-overhaul bill seen as pivotal to a budget compromise sent Pennsylvania's legislative leaders scurrying again.

As Michael Nutter's eight-year Philadelphia mayoral run winds down, his city is in far better fiscal shape than when he entered City Hall in January 2008.

Pennsylvania House Republican leaders told Gov. Tom Wolf they would push his budgetary tax package to the floor if he can show he has a majority of votes.

In the latest Pennsylvania budget-impasse domino to fall, S&P withdrew its ratings based on the commonwealth’s school district state aid intercept program.

Philadelphia Mayor-elect Jim Kenney named a Siebert Brandford Shank & Co. senior vice president, Rasheia Johnson, to be the city’s next treasurer.

Philadelphia International Airport COO Chellie Cameron has been tapped by Mayor-elect Jim Kenney to be the airport’s new CEO.

Pennsylvania’s House approved a state budget that stands in slight contrast with the Senate version as lawmakers look to end a budget stalemate in its sixth month.

Terence M. Smith, CEO of Smith’s Research & Gradings, will provide a historical perspective on Philadelphia’s deep financial roots and its relation to the bond market at the Dec. 10 Philadelphia Area Municipal Analyst Society holiday party.

The Pennsylvania Senate passed a $30.8 billion spending plan though without a tax package. Whether the House can agree to end a six-month stalemate is up in the air

The Internal Revenue Service told Woodland Hills School District in Allegheny County, Pa. that bonds it issued in 2005 and advance refunded in 2013 may violate tax requirements and be taxable.

Luzerne County, Pa., is looking for a lender after it got judicial signoff on $20 million in emergency borrowing to avoid a shutdown.

Philadelphia International Airport CEO Mark Gale is retiring after six years running the nation’s 12th busiest airport.

Seven U.S. cities intend to dedicate 10% of their annual budgets toward resilience strategies under a worldwide program designed to fortify urban centers.