Pennsylvania

Longtime Philadelphia Regional Port Authority (PRPA) Executive Director James T. McDermott Jr. is planning to retire on April 15, 2016,

Former Philadelphia Deputy Treasurer James Lanham has joined PNC Capital Markets' public finance group.

Pennsylvania Auditor Eugene DePasquale’s pending report will weigh the effect of the state budget impasse on schools districts and social service agencies.

In the wake of Detroit’s chapter 9 filing, distressed municipalities need to consider a more long-term view, municipal analysts said Monday at The Bond Buyer’s Mid-Atlantic Municipal Market Conference.

After decades of financial struggles, Camden, N.J., is on the upswing under new revitalization efforts, said Camden County Freeholder Jeffrey Nash.

Pennsylvania’s budget dispute is nearing its third month, with Democratic Gov. Tom Wolf and Republican lawmakers still at odds.

New Jersey’s Stockton University has reached an agreement to sell the former Showboat Casino Hotel in Atlantic City for $22 million to Philadelphia-based developer Tower Investments.

The Southeastern Pennsylvania Transportation Authority (SEPTA) has tapped Jeffrey D. Knueppel as the agency’s new general manager replacing the retiring Joseph Casey.

The Pennsylvania Senate is scheduled to reconvene with lawmakers and Gov. Tom Wolf still at odds over how to fund the $30 billion fiscal 2016 budget.

A Pennsylvania court upheld theft and corruption charges against former Harrisburg mayor Stephen Reed and sent the case to trial.

The Please Touch Museum in Philadelphia has filed for Chapter 11 bankruptcy protection two years after defaulting on nearly $60 million in bonds.

Scranton, Pa., has chosen a National Development Council bidding team to operate its parking assets under a P3 that could improve the city’s reputation in the bond markets.

Standard & Poor’s says its ratings for Pennsylvania, including AA-minus on general obligation bonds, are unchanged despite lack of a signed budget for fiscal 2016.

Harrisburg, Pa., faces a revenue gap next year of $6 million less than what state receivers projected in their 2013 recovery plan, said Mayor Eric Papenfuse.

Standard & Poor’s, citing Pennsylvania’s budget impasse, placed all school district and community college ratings based on the state aid intercept program on credit watch negative.

Immediate threats to Pennsylvania bondholders are minimal despite a two-month state budget stalemate, said Moody’s Investors Service.

Pennsylvania Auditor Eugene DePasquale will audit Allentown's school district for possible violations of sunshine and ethics laws.

The legal battles over funding for the distressed Chester Upland, Pa., School District's charter schools have triggered debate over investor risk.

Pittsburgh-based PNC Capital Markets LLC hired public finance banker Kerry Rudy in Chicago to lead its national healthcare sector and is bolstering its New York team with the addition of Lawrence Stephens to lead coverage of the city.

Pennsylvania's budget impasse continues after the legislature failed to override Gov. Tom Wolf's veto of the $30 billion fiscal 2016 spending plan.