Tonya Chin

The Dormitory Authority of the State of New York board approved $1.1 billion of financings for higher education and health care institutions, including a $940 million personal income tax revenue bond program.

Officials involved with the new Tappan Zee Bridge project promised openness and transparency but still did not have a plan of financing for project costs.

New York's comptroller Thomas DiNapoli released a report that showed the state's overall tax collections are higher than projected, but the strength was limited to the month of April.

County Executive Edward Mangano announced $45 million in spending cuts, including slashing 200 jobs, that will eliminate Nassau County's deficit and balance its budget.

Long Island, N.Y.'s Suffolk County has reduced its estimated deficit to $300 million from $530 million, according to county officials.

Moody's Investors Service has revised the outlook on Kean University's outstanding debt to negative and affirmed the A2 rating on Kean's revenue bonds.

Moody's Investors Service has downgraded Onondaga County Water Authority's outstanding parity revenue bonds to Aa3 from Aa2.

Ernst & Young's US Transaction Advisory Services has expanded its infrastructure advisory practice with the acquisition of Jeffrey A. Parker & Associates, a financial advisory firm focused on infrastructure.

Nassau County received 13 responses to its request for information regarding a public-private partnership for its troubled sewer system.

The Dormitory Authority of the State of New York is expected to sell $1 billion of personal income tax bonds in a competitive offering on Tuesday.

Aerostar Airport Holdings and Gruopo Aeuropuertos Avance submitted their proposals for a public-private partnership to run the Luis Muñoz Marín International Airport this week.

Nassau County has entered into a partnership with asset management company Universal Management Technology Solutions, Inc., to help curb spending and save up to $25 million annually.

The joint venture between The Carlyle Group and Sunoco, Inc. that will save a Philadelphia refinery from closing its doors is a credit positive for the city, Moody's Investors Service said.

Moody's Investors Service upgraded the Puerto Rico Industrial Development Company's general purpose revenue bonds to Baa1 from Baa2 and change the outlook to stable, based on stable revenue and debt service coverage.

The Vermont Municipal Bond Bank is expected to sell $44.3 million of tax-exempt bonds and federally taxable qualified school construction bonds the week of July 9.

The New York Power Authority Board of Trustees approved $30 million in funding over a five-year period to accelerate energy efficiency market development activities and demonstration projects.

New York, New York City, and their public authorities are scheduled for $4.9 billion of bond sales during the third quarter of 2012, the New York State Comptroller Thomas DiNapoli announced Thursday.

Moody's Investors Service has revised the outlook to negative from stable on Deborah Heart and Lung Center's outstanding bonds, issued by New Jersey Health Care Facilities Financing Authority.

With the amount of New York's public authorities increased to 63 in the past year, and the amount of outstanding debt totaling $142 billion, the Authorities Budget Office is recommending consolidation and reform.

Gov. Andrew Cuomo said the recent passage of the $105 billion highway bill is a boost for the Tappan Zee Bridge replacement project because it includes an increase in funding for the TIFIA program.