Pennsylvania

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.

Nanticoke is the first city and 10th municipality to exit Pennsylvania's Act 47 workout program for distressed communities, state officials say.

Southeastern Pennsylvania Transportation Authority General Manager Joseph M. Casey is retiring after seven years leading the nation’s sixth-largest public transit agency.

Gov. Tom Wolf and legislative leaders resumed negotiations Thursday that could break a seven-week stalemate over Pennsylvania's proposed $30 billion fiscal 2016 budget.

As Pennsylvania’s budget stalemate lingers, health and human services organizations want Gov. Tom Wolf and the legislature to provide a stopgap spending plan.

Pennsylvania issued a request for proposals to hire a law firm to initiate clawback from participants in the Harrisburg incinerator bond financing fiasco.

A budget stalemate that drags past December could further compromise Pennsylvania's credit, says PNC Capital Markets’ Tom Kozlik.