Pennsylvania

Pennsylvania Attorney General Kathleen Kane expects to finish her investigation of the Harrisburg incinerator bond financing fiasco soon, she told lawmakers.

Moody’s revised its outlook on Montgomery County, Pa., GO bonds to stable from negative while affirming its Aa1 rating.

Pennsylvania Gov. Tom Wolf's proposed $30 billion budget brings new ideas to the table but faces some stiff headwinds, capital markets observers said.

Pennsylvania Gov. Tom Wolf stirred a hornet's nest in the capital markets when he included $3 billion in pension obligation bonds with his budget proposal.

New Jersey and Pennsylvania’s public pension systems were the nation’s most underfunded from 2001 to 2013, according to the National Association of State Retirement Administrators.

Philadelphia Mayor Michael Nutter has proposed a 2016 budget proposal that aims to tackle rising pension and healthcare costs.

Pennsylvania Gov. Tom Wolf's plan to reduce pension fund costs is a credit positive for large passive asset managers, according to Moody's.

A Pennsylvania law requiring better tax-collection procedures has boosted income-tax receipts for most municipalities and school districts, said Moody's.

Pennsylvania Gov. Tom Wolf's proposed $30 billion budget calls for sweeping changes in state taxes and more spending on education while closing a $2.3 billion deficit.

New Pennsylvania Gov. Tom Wolf removed the Philadelphia School Reform Commission chairman and replaced him with career educator Marjorie Neff.

A Feb. 19 decision by Pennsylvania's School Reform Commission to only approve five out of 39 charter school applications in Philadelphia is a credit positive for the city's struggling district, according to Moody's Investors Service.

Standard & Poor's raised its rating on Allentown, Pa.'s GO debt three notches to A-plus from BBB-plus, citing flexibility from its water and sewer deal.

Former Pennsylvania Treasurer Rob McCord pleaded guilty in a Harrisburg courtroom to two federal counts of attempted extortion.

Philadelphia Mayor Michael A. Nutter has received Association of Government Accountants 2015 Excellence in Government Leadership award.

Gov. Tom Wolf proposed a severance tax on Marcellus Shale natural gas extraction to fund Pennsylvania's teetering public education system.

An issuer in Virginia recently disclosed an Internal Revenue Service audit of bonds it issued in 2006, and a borrower in Indiana and an issuer in Pennsylvania disclosed that the IRS has closed audits of their bonds.

Having sold its incinerator, Harrisburg, Pa., has a new symbol of a deal gone sour: a 12-story downtown office building, subject of a $6.9 million borrowing in 1998 that straddled the city with $42 million in debt service the city recently restructured.

Pennsylvania Gov. Tom Wolf established what he called a transformation office with an eye toward whittling the state's $2.3 billion deficit for fiscal 2016.

As if bond rating downgrades, a $50 billion unfunded pension liability and teetering school districts weren’t enough, Pennsylvania must wrestle with more political scandal as its treasurer resigns to plead guilty after a federal investigation.

Pennsylvania Treasurer Rob McCord resigned late Friday, effective immediately, as news reports swirled that he will plead guilty to charges of threatening would-be campaign contributors with the loss of state business.