-
The SEC has settled charges against Aon Investments and in a separate action, a former executive of the firm for misleading the Pennsylvania Public Employees' Retirement System.
January 25 -
The commonwealth revamped its P3 law last year in the wake of a court ruling striking down a tolled bridge program.
October 17 -
S&P said the outlook revision reflects "our view that Pennsylvania has continued to make progress toward structural budgetary balance." Earlier this month, Moody's revised its outlook on the state to positive.
September 22 -
"Pennsylvania's positive outlook is based on the significant increase in budget reserves over the past three fiscal years to levels consistent with higher-rated peers," Moody's said.
September 8 -
The borrowing, which will be backed by availability payments, will finance the first six of the state's nine-span Major Bridges P3 program.
December 9 -
PennDOT could appeal to the state supreme court, but if not, the Pennsylvania P3 law may need to be rewritten.
July 5 -
Using a surplus to build reserve levels was key for the outlook change, the rating agency said.
April 12 -
With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.
April 30 -
Gov. Tom Wolf said the tax has become unreliable for funding the commonwealth's vast network.
March 26 -
The Pennsylvania governor can expect pushback from Republican lawmakers over budget-balancing plan aimed at higher wage earners.
February 4