Pennsylvania

Mark Schwartz, who represented the Harrisburg City Council in its failed bankruptcy filing, is suing Pennsylvania's capital city for nonpayment.

The closing of Harrisburg, Pa.'s financial recovery plan "is not the end of anything," according to state-appointed receiver William Lynch.

Standard & Poor's has upgraded Philadelphia's general obligation debt to A-plus from A-minus.

Proceeds from two bond deals designed to keep Harrisburg, Pa., out of bankruptcy fell "well within the range" of projected revenues, said receiver William Lynch.

The Harrisburg receivership team and many related parties anticipate closing a recovery plan aimed at keeping Pennsylvania's capital city out of bankruptcy.

Pension shortfalls are not math problems, but "complex challenges requiring thoughtful solutions, politically challenging to implement," PFM said in a report on the white-hot topic.

Final closing for the purchase of the Harrisburg, Pa., incinerator by Lancaster County is set for Dec. 23 after the agency sold about $130 million of bonds to fund the transaction.

New York-based attorney Kent Rowey, who advises on public-private partnerships said bond deals in Allentown and Harrisburg, Pa., "disappointed" him as P3 projects.

Pennsylvania's transportation bill is positive for the state and the Turnpike Commission, and could trigger a similar move to tackle pension liability, said Fitch.

Lehigh County Authority general manager Aurel Arndt says the award-winning water and sewer concession with Allentown, Pa., changes the face of P3 transactions.

An internet road show next week will precede pricing for Harrisburg, Pa., parking-lease bonds, say bankers behind a deal pivotal to the city's recovery plan.

A state agency has cleared a 40-year parking lease deal that is one of two centerpiece transactions to the Harrisburg, Pa., financial recovery plan.

A delay in the finalizing of Harrisburg, Pa.'s $260 million parking-asset lease has also pushed back the sale of the city's incinerator to Lancaster County.

Pennsylvania's new transportation funding law is a credit positive for the state and several authorities, Moody's Investors Service said.

William Lynch has received a two-year extension to his term as state-appointed receiver for distressed Harrisburg, the Commonwealth Court of Pennsylvania confirmed.

A state board delayed a vote on an estimated $270 million parking lease deal for Harrisburg, Pa., one of two transactions essential to the city's recovery plan.

While still fighting to shake its rust-belt image, Allentown, Pa., undertook two major transactions in the past year, including a downtown arena project.

Pennsylvania Gov. Tom Corbett signed the far-reaching transportation bill that lawmakers enacted last week after lengthy debate.

Harrisburg, Pa., receivership officials and the agency buying the city's incinerator hope to sell bonds next week to finance a purchase aimed at keeping the city out of bankruptcy.

Pennsylvania Gov. Tom Corbett still has unfinished financial business, but was able to bask in a rare win - passage of a $2.4 billion transportation bill.