-
Standard & Poor's raised its rating on Allentown, Pa.'s GO debt three notches to A-plus from BBB-plus, citing flexibility from its water and sewer deal.
February 18 -
Former Pennsylvania Treasurer Rob McCord pleaded guilty in a Harrisburg courtroom to two federal counts of attempted extortion.
February 18 - Pennsylvania
Philadelphia Mayor Michael A. Nutter has received Association of Government Accountants 2015 Excellence in Government Leadership award.
February 12 - Pennsylvania
Gov. Tom Wolf proposed a severance tax on Marcellus Shale natural gas extraction to fund Pennsylvania's teetering public education system.
February 11 -
An issuer in Virginia recently disclosed an Internal Revenue Service audit of bonds it issued in 2006, and a borrower in Indiana and an issuer in Pennsylvania disclosed that the IRS has closed audits of their bonds.
February 6 -
Having sold its incinerator, Harrisburg, Pa., has a new symbol of a deal gone sour: a 12-story downtown office building, subject of a $6.9 million borrowing in 1998 that straddled the city with $42 million in debt service the city recently restructured.
February 6 - Pennsylvania
Pennsylvania Gov. Tom Wolf established what he called a transformation office with an eye toward whittling the state's $2.3 billion deficit for fiscal 2016.
February 5 -
As if bond rating downgrades, a $50 billion unfunded pension liability and teetering school districts werent enough, Pennsylvania must wrestle with more political scandal as its treasurer resigns to plead guilty after a federal investigation.
February 2 -
Pennsylvania Treasurer Rob McCord resigned late Friday, effective immediately, as news reports swirled that he will plead guilty to charges of threatening would-be campaign contributors with the loss of state business.
January 30 -
Harrisburg, Pa., Mayor Eric Papenfuse on Friday signed off on a restructuring agreement for bonds tied to the city's Verizon Center building despite his objections, and called for an investigation into the original 1998 bond deal.
January 30