Ted Phillips

When former New York Assemblyman Richard Brodsky stepped down to make an unsuccessful run to become attorney general, observers wondered who would be the next chairman of the Assembly Committee on Corporations, Authorities and Commissions that the Westchester County Democrat had used as bully pulpit for eight years.

When Woonsocket, R.I., sold deficit notes last year, it came at a high price, but it brought benefits as well. Unlike Central Falls, whose fiscal crisis prompted a change in Rhode Island law last year, Woonsocket has worked with the state to address its problems and last week fixed out its notes as short-term bonds.

New York's pension fund has regained much of the value it lost in the recession but still has a way to go, according to pension returns released by the comptroller's office last week.

The Dormitory Authority of the State of New York last week gave final approval to $150 million of bonds for a university and preliminary approval to $72.8 million for lower education projects.

Wall Street bonuses declined in 2010 to $20.8 billion, an 8% drop from the previous year even as the securities industry posted its second most profitable year in history, New York State Comptroller Thomas DiNapoli said Wednesday.

A proposed change to the federal low-income housing tax-credit program would help affordable housing projects reach more income levels and make the credits more attractive to investors, according to New York officials.

A New York State judge on Friday temporarily blocked a key provision of a control board’s takeover of Nassau County’s finances.

A New York State judge on Friday stayed a requirement that Nassau County submit a revised financial plan to its oversight board while he considers a challenge of the board’s legality.

New York City Mayor Michael Bloomberg backed off from deep cuts in the city’s 10-year capital plan in his preliminary fiscal 2012 budget released Thursday.

Connecticut Gov. Dannel Malloy on Wednesday proposed a $18.27 billion general fund budget for fiscal 2012 that doesn’t borrow for operating expenses and would reduce a planned deficit borrowing in the current fiscal year.

Proposed federal legislation to standardize pension reporting to a central repository would improve transparency and likely improve pension funding, Moody’s Investors Service said in a special comment released Monday.

The Charitable Leadership Foundation, a nonprofit in upstate New York, has drawn on its debt service reserve and is in default under an installment-payment agreement with the issuer, according to a disclosure notice on the Municipal Securities Rulemaking Board’s EMMA website.

The Nassau County Interim Finance Authority argued that Nassau County’s motion for preliminary injunction to block a takeover of its finances should be denied, according to court filings.

Brooklyn Democrat James Brennan is the new chairman of the New York State Assembly’s Committee on Corporations, Authorities, and Commissions, the Assembly announced last week.

Moody’s Investors Service revised its outlook on bonds that financed the Mets’ stadium in Queens, N.Y., to negative last week, citing pending litigation.

Buffalo, with a fresh upgrade, delayed a $35.7 million refunding that had been tentatively scheduled for last Thursday due to market conditions.

Local bond issuance for future school capital-construction projects in New York could shrink dramatically under a proposal to cap funding approvals at $2 billion annually in Gov. Andrew Cuomo’s executive budget.

A $20 million grant from New York State is expected to repay $15.4 million of outstanding bonds issued for St. Joseph’s Hospital in Elmira to help finance a yet-to-be-completed merger with another hospital.

Buffalo and Nassau County aren’t just far apart from each other on a map of New York — their finances are moving in opposite directions.

New York State Comptroller Thomas DiNapoli last week announced that Buffalo, N.Y., Comptroller Andrew SanFilippo will join his office.