Ted Phillips

Coney Island is slated to begin a revival that could lead to a bond transaction later this year for affordable housing.

New York plans to competitively price $448 million of new-money general obligation bonds on Thursday as the state grapples with closing a sizeable budget gap.

The New York City Transitional Finance Authority next week plans to privately place $375 million of Build America Bonds and traditional taxable municipal bonds with the New York State Division of Lottery and to market its first competitive BAB deal as part of a $900 million transaction.

The Connecticut Housing Finance Authority plans to begin selling $275 million of bonds today in a deal that will help effectively establish a revolving fund.

The Erie County Fiscal Stability Authority plans to sell $174 million of bonds on behalf of the New York county in a deal announced Friday.

Rhode Island budget director Rosemary Booth Gallogly will leave her post to become acting director of the departments of administration and revenue, pending Senate confirmation, Gov. Donald Carcieri announced Tuesday.

James Gill resigned as chairman of the Hugh L. Carey Battery Park City Authority after 14 years in the post, New York Gov. David Paterson announced Tuesday.

February in New York has produced a blizzard of political upheavals as rumors swirl around Gov. David Paterson, two politicians’ careers may be finished, and a special election cements a political dynasty.

New York City’s economic development bond issuers hope to get additional bond allocations under the recovery zone facility bond program, issuer staff said yesterday.

New York Gov. David Paterson wants to increase the level of taxation on New York City businesses to support the Metropolitan Transportation Authority, the according to a press release yesterday.

Westchester County, N.Y., plans to competitively market $173.1 million of general obligation bonds tomorrow in its first new-money deal since Republican Robert Astorino was elected county executive in November. The deal will also be the first marketed in the state under a pilot program allowing Westchester to accept only electronic bids.

The selection of a politically connected firm to operate video lottery terminals at a Queens racetrack drew fire last week, calling the transaction into question.

New York’s economy is showing signs of recovery but private sector jobs continue to decline, according to a monthly report released by a group representing the state’s counties.

Moody’s Investors Service yesterday downgraded to junk status bonds sold to finance the New York Mets Major League Baseball stadium, citing the diminished credit quality of a surety provider as one of the reasons.

New York City budget director Mark Page yesterday sharply criticized cuts in state funds for the city proposed in Gov. David Paterson’s state budget.

Moody’s Investors Service yesterday downgraded the New York Metropolitan Transportation Authority’s revenue bonds to A3 with stable outlook from A2 with negative outlook.

New York’s projected deficit for fiscal 2011 has grown by $750 million in less than three weeks to $8.2 billion, Gov. David Paterson said yesterday. Lower-than-forecast personal income tax collections and higher-than-expected Medicaid costs are driving the widening gap, his office said.

Connecticut Gov. M. Jodi Rell yesterday called for a new bond program that would guarantee loans to business owners as part of a package of budget proposals.

NEW YORK - Moody’s Investors Service today will downgrade New York’s Metropolitan Transportation Authority’s revenue bonds to A3 from A2, MTA spokesman Jeremy Soffin said.

Connecticut Gov. M. Jodi Rell yesterday called for an expiration date on unused bond authorizations and for new restrictions on the state’s budget reserve fund. The measures will be included in her budget proposal to be presented today before the General Assembly.