Commonwealth of Pennsylvania

The Public Pension Management and Asset Investment Review Commission says its blueprint could save the commonwealth roughly $10 billion over 30 years.

While citing “noticeable, across-the-board improvements,” state Auditor Eugene DePasquale said significant work remains for the distressed city's three pension plans.

Tom Wolf's full plate includes a projected $1.7 billion deficit, with the state having already used one-time revenue measures such as tobacco and gambling.

The Public Pension Management and Asset Investment Review Commission will present its findings to Gov. Tom Wolf and the General Assembly.

The third quarter ended with a whimper, leaving year-to-date issuance 15% behind last year's pace.

Pennsylvania’s two largest public pension systems are paying much higher private equity fees than they report -- a nearly $4 billion differential -- a finance professor told an oversight panel.

The city's struggles reflect those of northeast Pennsylvania’s depressed coal region.

The State Bond Commission approved a $10 million study on reviving tolls against a backdrop of revenue strain and regional dynamics.

For the first time this year, the municipal bond market generated more volume than it did in the same month of 2017, as July issuance edged 1.3% higher.

Mayor Paul George wants to bring the city into the Act 47 workout program for struggling municipalities.

The deposit exceeds some pre-budget estimates that the fund would receive $14 million, said Gov. Tom Wolf.

Eric Papenfuse called for a hiring freeze and renewed scrutiny for all non-essential spending after the state budget did not give him the taxing flexibility he seeks.

Mayor Eric Papenfuse said he will declare a fiscal crisis for Pennsylvania's capital after state lawmakers would not let the city exit distressed status while keeping its special taxing authority.

Municipal bond buyers are looking with anticipation at the week’s calendar and the arrival of a big California tobacco bond deal.

Ipreo estimates weekly municipal volume at $7 billion, up from a revised total of $6.76 billion this week.

A federal judge granted a motion by Ed Pawlowski's defense attorney for a 60-day extension.

Rep. Mike Tobash and Treasurer Joe Torsella chair a panel that will seek a combined $3 billion in savings for the state's two top pension plans.

New money deals helped issuance rise for the third straight month in May.

The strategy could save the commonwealth roughly $300 million when compounded over 20 years, said state Treasurer Joe Torsella.

They seek damages damages from a litany of professional firms over the capital city's plunge to near bankruptcy.