Pennsylvania

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.

The Internal Revenue Service has told the Philadelphia Authority for Industrial Development that it is auditing bonds the authority issued in 2005 for a charter school project in Philadelphia “because of information we received from external sources or developed internally that causes a concern” that there are tax-law violations.

Pennsylvania Gov. Tom Corbett released a $265 million advance to the teetering Philadelphia School District to help it fill a budget gap.

Escalating unfunded pension liability and bond-rating backlash will lurk as Pennsylvania's House of Representatives is set to reconvene at 1 p.m. Monday.

Having dropped the stigmatized Harrisburg Authority name, Capital Region Water of Pennsylvania is shooting for an investment-grade rating within 18 to 24 months. Meanwhile, the unrated is selling debt with the help of credit enhancement.