New York

The nation’s largest municipal bond conduit issuer is expanding a program that funds upgrades with future energy savings.

While New York MTA's proposed 2.4% bump in its five-year capital program involved no new funds, it generated spirited debate on several fronts.

Unhedged and hedged variable-rate debt each account for 6% of the authority's $37.3 billion of bonds outstanding, according to Patrick McCoy.

His signature projects include financings for Yankee Stadium, Barclays Center and LaGuardia Airport. He is also a former New York MTA board member.

Components of the MTA's bus-overhaul initiative could pave the way for congestion pricing, which New York's state legislature essentially sidestepped this year.

A $2.1 million bond measure to fund employee-leave obligation payments failed in the city council.

The budget watchdog formed a committee to seek Kellermann's replacement.

A $1.4 billion sale from New York Transportation Development Corp., for Delta’s redevelopment at LaGuardia Airport is the bellwether deal of a near $8 billion week of new issuance. This will mark the first time in six years that Delta has issued in the tax exempt market and will be the second largest airline special facility bond ever completed in the municipal market.

New York mayor Bill de Blasio claimed progress in addressing the challenges of population growth, aging infrastructure, increasing inequality, and climate change.

Big Apple pension funds plan to divest from fossil fuel investments within five years.