Pennsylvania

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.

Regardless of how or when Pennsylvania settles its budget impasse, pension underfunding will probably linger, said one actuarial expert.

The Philadelphia Council has advanced plans for a new privately financed $450 million resort casino in the city’s stadium district estimated to generate $100 million in new tax revenue over the next five years.

Unrated Scranton, Pa., is taking steps to regain the good graces of the capital markets, said its mayor and business administrator.

The Southeastern Pennsylvania Transportation Authority has opened its first new regional station in nearly 20 years as part of a public private partnership.

Citigroup municipal strategist George Friedlander is delivering a presentation about how evolving technology is impacting the public finance industry at the Nov. 19 meeting of the Philadelphia Area Municipal Analyst Society (PhAMAS).

Pennsylvania's prolonged budget impasse is a credit negative for school districts and community colleges that rely on state-aid distributions, said Moody's.

Pennsylvania Gov. Tom Wolf and lawmakers say a budget outline is in place, though many variables linger in the commonwealth's five-month budget impasse.

Citing a state budget impasse in its fifth month, Moody's downgraded Pennsylvania's pre-default intercept programs for school districts to A3 from A2.

Pennsylvania Gov. Tom Wolf offered support for the Philadelphia Regional Port Authority’s planned development of the Southport Marine Terminal Complex during a visit Wednesday to the 196-acre site.

Fitch Ratings downgraded three series of bonds issued by the Berks County Municipal Authority, Pa. on behalf of Reading Hospital and Medical Center Project to A-plus.