Pennsylvania

Philadelphia reached a deal with one of its unions requiring $127 million in additional spending over the course of its five year plan covering fiscal years 2015 to 2019.

Moments after Janney Capital Markets cited "cracks" in the foundation of state credit quality nationwide, Pennsylvania said it would have to loan money to itself to keep running.

Pennsylvania's House Urban Affairs Committee approved a bill that would enable capital city Harrisburg to develop vacant, desolate, underused or abandoned space.

State Farm agreed to a three-year sponsorship deal with Pennsylvania in the first agreement under the P3 law Gov. Tom Corbett signed in 2012.

Pennsylvania opting in to Medicaid expansion is a credit positive for hospitals in the state, according to Wells Fargo Securities.

University of Pennsylvania economist Kevin Gillen is the keynote speaker at the Sept. 26 meeting of the Philadelphia Area Municipal Analyst Society.

Harrisburg, Pa., recovering from the brink of bankruptcy, made its latest general obligation bond payment two weeks early.

Pennsylvania Auditor General Eugene DePasquale's warnings about Scranton's unfunded pension liability intensify debate over state and local pension liability.

Cost increases to Pennsylvania's two primary pension systems are unsustainable and figure to rise by more than $600 million in 2014 and 2015, said revenue Secretary Dan Meuser.

The National Civil War Museum spends nearly two-thirds of its funding from hotel tax revenues on salaries, said Harrisburg, Pa., Mayor Eric Papenfuse.

John Campbell, charged with theft from a local nonprofit, resigned as city treasurer in distressed Harrisburg, Pa., and surrendered to prosecutors.

The Pennsylvania Municipal League recognized Lancaster as the first community to receive sustainable Pennsylvania community certification under the league's new statewide program.

The Harrisburg, Pa., City Council requested Dauphin County Commissioners to suspend transfer of funds from hotel tax revenues to the National Civil War Museum.

Harrisburg, Pa., Mayor Eric Papenfuse said the scandal surrounding city Treasurer John Campbell's alleged theft from a nonprofit does not extend to city finances.

Harrisburg, Pa., Treasurer John Campbell has been charged with theft from a nonprofit he used to run, said Dauphin County District Attorney Ed Marsico.

A recent Moody's downgrade of the Philadelphia School District to Ba3 was another indication of the district's growing financial problems, but a state intercept program insulates holders of the district's $3.1 billion in bonds from those troubles.

S&P lowered its rating to AA-minus from AA on Berks County Municipal Authority, Pa.'s revenue refunding bonds, issued for Reading Health System.

Boston, Philadelphia and Baltimore typify how the 'eds and meds' presence of universities and hospitals can boost older cities' credit profiles, said Moody's.

Pennsylvania's Transportation Commission will submit an updated 12-year, $63.2 billion transportation program to federal officials, said Gov. Tom Corbett.

Scranton's 0.75% commuter tax to help fund the city's wobbly pension plans is a credit positive for the Pennsylvania city, said Moody's.