The tax supporting a $38 million bond deal for a rural Alabama hospital faces a legal challenge, though supporters say a state constitutional amendment on the Nov. 8 ballot should cure the problem for Chilton County and other localities, including Jefferson County.
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The former head of the Internal Revenue Service's tax-exempt bond office says TEB is ignoring alleged violations on a financing for a Syracuse mall that benefited from breaks sought by Hillary Clinton.
The credit quality of New York State’s local governments and school districts has stayed stable the last eight years, as rising real estate values made up for a slow economic recovery and increased pension costs, according to S&P Global Ratings.
New York Gov. Andrew Cuomo is pushing for automatic tolling at Metropolitan Transportation Authority-operated bridges and tunnels in hopes of echoing other states that have eased traffic congestion through similar strategies.
A proposed $3 billion budget for New York's Nassau County contains nearly $115 million in risky revenue assumptions that could create a "sizable" deficit, according to county comptroller George Maragos.
Manhattan Institute senior fellow Nicole Gelinas discusses the many challenges facing New York regional transportation with The Bond Buyer's Paul Burton and Andrew Coen. Topics include capital funding, Port Authority and MTA megaprojects and alternative funding to counter the L subway line shutdown.