Pennsylvania

Pittsburgh Mayor Bill Peduto inherits a city on the upswing, but wants it to remain under state oversight while he works out a long-term financial plan.

Allentown Mayor Ed Pawlowski withdrew from the Pennsylvania governor's race and backed state treasurer and fellow Democrat Rob McCord.

Gov. Tom Corbett on Tuesday proposed a $29.4 billion budget for Pennsylvania that included a renewed call to tweak the pension system for state employees.

Contingent liabilities for nonessential, noncore enterprises pose huge credit risk for some local governments, Moody's said in a report that cited Harrisburg.

New Mayor Bill Peduto wants Pittsburgh to firm up a long-term program of payments in lieu of taxes with the many nonprofit organizations while staying in Pennsylvania's Act 47 program for cities in fiscal distress.

Harrisburg, Pa., officials seek $2 million in the municipal budget to issue tax and revenue anticipation notes, which would mark a return to the debt markets.

Blank Rome LLP's public finance team is joining Eckert Seamans Cherin & Mellott, LLC in Philadelphia, becoming the firm's only public finance attorneys based in the city, officials said.

The board of Pennsylvania's pension fund system recommended hiring Obermayer Rebmann Maxwell & Hippel to examine allegations against former CIO Anthony Clark.

Pennsylvania's intercept program that enforces the payment of school district bonds is a positive for investors, Janney Capital Markets said in a report.

Two lynchpin bond sales under the Harrisburg, Pa., recovery plan priced within the expected range when receivership officials filed the plan in August, according to a status report.

State officials filed an application Thursday in the Commonwealth Court of Pennsylvania to vacate the receivership for capital city Harrisburg.

Harrisburg would exit receivership while remaining under state oversight under a plan by Pennsylvania officials.

A former Pennsylvania Turnpike worker pleaded guilty and received probation in a case the judge called an "offshoot" of a pay-to-play scandal.

New Mayor Bill Peduto is smart to delay Pittsburgh's request to exit a state oversight program for distressed communities, capital markets observers say.

The future of the Philadelphia School District's speculative-grade credit will be determined by four factors in the next six to 12 months, Moody's Investors Service said.

Former Lebanon, Pa., mayor Jackie Parker, will lead the nascent Harrisburg economic development team, Harrisburg Mayor Eric Papenfuse announced in Pennsylvania's capital.

Unfunded pension liability, bond-rating scrutiny and election-year complexity hovered over Pennsylvania as state lawmakers reconvened.

Incoming mayor Eric Papenfuse, the face of Harrisburg, Pa.'s economic recovery, says he will will forgo an inaugural ball and get to work right after his inauguration.

Gov. Tom Corbett awarded City Revitalization and Improvement Zone, or CRIZ, program designations to Bethlehem and Lancaster, Pennsylvania's governor announced.

Gov. Tom Corbett abandoned his pursuit of a $34 billion Pennsylvania lottery privatization contract with Britain's Camelot Global.