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Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.
August 17 -
Moody’s cited the Pennsylvania city’s continued reliance on its 2013 utility sale to sustain operations.
August 14 -
The bonds were issued by the Chester County Industrial Development Agency for West Chester University in Pennsylvania.
August 10 -
The city's struggles reflect those of northeast Pennsylvania’s depressed coal region.
August 10 -
The authority received upgrades from Moody’s on its two variable rate debt issues backed by bank letters of credit.
August 7 -
A Pennsylvania Supreme Court ruling allows the city to move ahead with borrowing plans that were placed on hold during its legal fight.
July 24 -
The audit could be part of an ongoing initiative by the IRS to examine refunding bonds, said a lawyer.
July 20 -
Mayor Paul George wants to bring the city into the Act 47 workout program for struggling municipalities.
July 16 -
The deposit exceeds some pre-budget estimates that the fund would receive $14 million, said Gov. Tom Wolf.
July 12 -
The Philadelphia Parking Authority, already under state scrutiny for costing public schools nearly $78 million of revenues because of mismanagement, is now a focus of the city’s new fiscal watchdog.
July 12