Paul Burton, The Bond Buyer

Paul Burton

The Bond Buyer

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Past articles by Paul:

Schumer brokers Amtrak-MTA funding deal on New York projects

The agreement will move along the Penn Station Access commuter rail undertaking and East River tunnel fix-ups. → Read More

Connecticut Comptroller Lembo to resign, cites health

He cited a “serious and debilitating cardiac condition that has recently been worsening in intensity and severity.” Gov. Ned Lamont will name a successor. → Read More

Boston mayor charts transit agenda as progressive outlier

Michelle Wu's election was an exception at the local level as voters rejected hard-left candidates and initiatives. → Read More

Lander looks to balance progressive ideals, fiscal vigilance

The two are in sync, said New York City's incoming comptroller, who will take office Jan. 1. → Read More

State Street named master custodian for Connecticut pension funds

The bank will also be an investment account manager for the state's $12.5 billion Short-Term Investment Fund, Treasurer Shawn Wooden said. → Read More

For New York, a new crisis with no blueprint

While the city has a long history of coping with disasters including the Sept. 11 attacks, the COVID-19 pandemic is a work in progress. → Read More

Northeast must brace for more Ida-type catastrophes

The weirdness of this storm adds yet another layer of complexity to the vexing problem of coping with climate change. → Read More

Javits Center bonds lowered as Moody’s cites pandemic effect

The New York City convention center's bonds are backed by hotel tax revenues that have been slow to recover from COVID-19. → Read More

A push to run commuter rail through Penn Station

ReThinkNYC, battling entrenched transit and real-estate interests in its call for a unified network, cites economic development gains and capital savings. → Read More

Climate extremes vex Northeast transit systems

Rising sea levels could make catastrophic events such as recent subway flooding more intense and frequent in places such as New York and Boston. → Read More

Pensions trigger another New Jersey outlook boost

Better funding levels prompted S&P Global Ratings to revise the outlook on the state's BBB-plus GO bond rating to positive from stable. → Read More

LaGuardia AirTrain controversy lingers as FAA signs off

Federal Aviation Administration approval of the $2.1 billion transit connector revived heated debate over an undertaking that Gov. Andrew Cuomo has championed. → Read More

Cyber security threats trigger muni debate over disclosure

Rating agencies are pushing municipal issuers to build online security risks like ransomware attacks into mitigation strategies that include more transparency. → Read More

DiNapoli projects $6.75 billion of third-quarter sales

The calendar includes $4.25 billion of new money and $2.5 billion of refundings and reofferings, New York State's comptroller said. → Read More

Buttigieg pushes Gateway tunnel urgency

The U.S. Department of Transportation secretary and elected leaders from New York and New Jersey pitched the $11.6 billion project, citing economic and safety concerns. → Read More

Political winds blow through Buffalo with upstart's mayoral win

India Walton, a registered nurse and union activist, stands to become the first self-declared socialist to oversee a major American city in decades. → Read More

Oddities surround New York mayor’s race

One of the city's most significant elections is also one of the strangest with a pandemic, an open seat, crime and financial strife, and ranked-choice voting at play. → Read More

Vermont bond sale generates $30 million premium

Proceeds of the general obligation bonds will fund new capital projects and refinance debt, state Treasurer Beth Pearce said. → Read More

Providence is ready to roll the dice on a pension bond

In what one critic called a "riverboat gamble," Mayor Jorge Elorza in Rhode Island's capital city seeks $704 million to pump into a severely unfunded system. → Read More

Pennsylvania measures underscore tussle over governors' emergency powers

Voters will decide on constitutional amendments regarding the length of time a governor can implement a disaster declaration without legislative consent. → Read More