Pennsylvania

Moody's Investors Service has revised its outlook on the University of Pennsylvania to positive from stable on expectations that the Ivy League school will continue its momentum in student enrollment, donor support and building flexible reserves.

Public pension discussions take on renewed vigor as unfunded liabilities trouble many states, though there are plenty of examples of sound practices, experts say.

The latest city treasurer appointee in Harrisburg, Pa., is cleared to work after city officials were satisfied that he lives there.

How can Pennsylvania, with a Democratic governor and a more Republican legislature, grasp serious financial challenges?

Harrisburg, Pa., has begun advertising for a consulting firm to help lead the city's long-range comprehensive plan.

Better scrutiny and support could help avert future bankruptcies, say public finance experts Richard Ravitch and James Spiotto.

Time limits to the length of stays in Pennsylvania's distressed-municipalities program will have a mixed effect on Keystone State cities' credits, according to Moody's Investors Service.

Regardless of the outcome of Tuesday's elections, Pennsylvania's cities face problems from rising pension liabilities to fewer dollars from Harrisburg, according to six mayors.

Harrisburg, Pa., has a balanced budget after City Council members passed a resolution to add savings from a months-long hiring freeze to offset expenses.

Richard Ciccarone of Merritt Research and Tim Hadley and James Morris from Investortools will speak at the Nov. 4 meeting of the Philadelphia Municipal Analyst Society.

The Philadelphia City Council rejected the mayor's proposed sale of the city's gas utility Monday.

The internal Revenue Service is conducting a targeted audit of Philadelphia's series 2010A water and wastewater revenue refunding bonds, $396.46 million of which were issued.

Harrisburg has petitioned a Pennsylvania court to incorporate a nonprofit that will focus on long-term economic development and infrastructure improvements.

Moody's Investors Service changed its outlook on the Baa2 rated Albert Einstein Healthcare Network to negative from stable.

West Hazleton Borough exited Pennsylvania's Act 47 program for distressed municipalities, according to Gov. Tom Corbett

Capital Region Water received a $125,000 grant to develop a green stormwater infrastructure plan for Harrisburg, Pa., from a Pennsylvania conservation agency.

Gov. Tom Corbett announced a $66 million investment in 19 water and wastewater projects across 16 Pennsylvania counties through Pennvest.

Harrisburg, Pa., will start the clock again for yet another city treasurer after Timothy East resigned following revelations of his personal bankruptcy. He had been named to the position in September after predecessor John Campbell was charged with theft from two nonprofit groups.

Timothy East became the second Harrisburg, Pa., treasurer to resign in two months, a city official confirmed late Tuesday.

Pittsburgh stands to realize $3.2 million, or 5%, of present-value savings from its expected $63.3 million refunding scheduled for Oct. 22, according to city finance director Paul Leger.