Commonwealth of Pennsylvania

Lawmakers choose a scoop-and-toss move despite calls for better targeting of the federal funds.

Such moves could reduce costs by up to $180 million in present-value savings, Joe Torsella said.

The contest that took nearly a week to finalize was among several races that epitomized the state's sharp political divide.

Partner-Elect, Ballard Spahr LLP

S&P Global Ratings revised its outlook on Pennsylvania's A-plus rating to negative from stable ahead of Wednesday's competitive general obligation bond sale.

The governor cited budget and social justice benefits from a measure to legalize cannabis, which officials say could bring in $600 million of new revenues.

Joe Torsella said the online tool will help portray long-term drivers of the state’s financial picture.

Online-only charters could take some market share and revenue from districts and brick and mortar charters because of the shift to virtual learning.

The move will enhance economic recovery from the coronavirus, the rating agency said.

A new tax credit, a grand jury report, national election-year politics and regional bickering have revived debate over natural gas drilling.

Mayor Bill Peduto warned of significant cuts to next year's budget if the city does not receive adequate rescue assistance.

The municipal market saw a $40 billion-plus month for the second time this year, as issuers flooded the market with bond sales during the month of June.

Bond volume was 4.2% lower than it was a year ago but increased from March and April’s low totals.

Gov. Tom Wolf is expected to sign five-month, $26 billion spending plan, intended to buy time to measure the hit from the effects of COVID-19.

Where and how residents buy their alcohol in the commonwealth's control state system has resurfaced as a budgetary, policy and public-health dynamic.

Municipal bond issuance was $67.88 billion after the first two months of 2020 and was on pace to easily eclipse the $400 billion mark — then COVID-19 completely turned the market upside down.

Scranton, Pa., activist Gary St. Fleur describes his group's successful suit that claimed the city was overtaxing its residents under Pennsylvania law. Paul Burton hosts.

Taxable bonds and COVID-19 are two of the main catalysts that helped February municipal bond volume ascend to its highest level since at least 1986.

The region's bond issuers sold $113.3 billion of debt in 2019, a 16.8% increase from 2018 fueled largely by a spike in taxable deals.

The governor's proposed $36.1 billion spending plan would expand a bond-backed program to clean up toxic school buildings and overhaul charter schools.