Ted Phillips

New York gubernatorial candidate Carl Paladino said Tuesday he would repeal a tax meant to support bonds for New York City transit projects, slash Medicaid, and cut personal income taxes.

New York State’s and New York City’s borrowing authorities plan to issue up to $8.77 billion of new-money bonds in the fourth quarter, according to a forward issuance calendar released Monday by the state comptroller’s office. The issuers also plan $1.24 billion of refundings and a $90 million conversion of variable-rate bonds.

Rhode Island Superior Court will hold a hearing Tuesday regarding the constitutionality of the state’s appointment of a receiver to oversee Central Falls’ finances. Motions were filed Monday.

The Dormitory Authority of the State of New York plans to begin institutional pricing on $1.36 billion of new-money personal income tax bonds on Monday. DASNY took retail orders on Thursday and Friday on the tax-exempt portion of the deal, which also includes traditional taxable bonds and taxable Build America Bonds.

The appointment of a receiver by Rhode Island for Central Falls has landed in court. A hearing is scheduled for Monday in state superior court.

New York’s public authorities should be “substantially restricted” from issuing bonds with principal payments heavily weighted to longest maturities, the comptroller said last week.

New Jersey Gov. Chris Christie picked former state Attorney General David Samson to replace Anthony Coscia on Thursday as chairman of the Port Authority of New York and New Jersey.

New Jersey Gov. Chris Christie on Thursday picked former state Attorney General David Samson to replace Anthony Coscia as chairman of the Port Authority of New York and New Jersey.

New York City needs a more transparent and accountable system for implementing community benefits agreements with private developers that receive public subsidies, according to a task force ­convened by the city comptroller.

The oversight board that monitors ­Nassau County, N.Y., said the county’s proposed 2011 budget is not balanced due to risky assumptions.

The New York Metropolitan Transportation Authority’s finance committee approved a pool of banks Monday that could replace liquidity facilities on $4.6 billion of variable-rate bonds due to expire over the next four years.

The Clarkstown Central School District in Rockland County, N.Y., following an independent audit, has begun implementing procedures to better track capital projects and prevent adverse exposure to federal tax laws regarding accounting for bond proceeds.

New York City plans to begin selling $1.3 billion of general obligation bonds this week when it offers retail investors a refunding portion of the deal on Friday.

The state-appointed receiver for Central Falls last week announced that he reached an agreement with the firefighters’ union to cut pay and benefits.

New York City Mayor Michael Bloomberg imposed a hiring freeze and directed city agencies to slash spending by $800 million in fiscal 2011 and $1.2 billion in fiscal 2012. Agencies have until Oct. 8 to submit savings plans and generally cannot hire new employees until those plans have been approved by the Office of Management and Budget.

New York State’s housing agencies last week officially consolidated into a single organization called New York State Homes and Community Renewal. The merger of the Division of Housing and Community Renewal with state affordable housing bond issuers and other agencies into a single entity was included in the state’s fiscal 2011 budget.

The Long Island Power Authority plans to sell Build America Bonds for 2011 capital needs by the end of this year to take advantage of the program before it expires or changes.

The new slate of bond counsel firms announced Wednesday by the Dormitory Authority of the State of New York includes three teams pairing large firms with smaller minority-owned firms.

Universities and colleges need to think about how to attract and serve students in a global environment, New School University president Bob Kerrey said Tuesday.

New York City’s two economic development issuers adopted new disclosure practices at a monthly board meeting on Tuesday.