New York

States and cities in the Northeast will have to balance economic challenges and federal cuts driven by the Trump administration and congressional GOP.

New York Mayor-elect Zohran Mamdani named Sherif Soliman, a veteran of three mayoral administrations, as New York City's budget director.

Three casinos are betting billions of dollars on the New York City market. The state is hoping to cash in, too.

Kathryn Garcia was tapped to lead the Port Authority of New York and New Jersey as it embarks on an ambitious capital plan. 

A New York state board advanced three proposals to build casinos in New York City, two in Queens and one in the Bronx.

The New York Power Authority created a new in-state conduit issuer to maximize savings and benefits for New Yorkers on a prepaid electricity deal.

Keohane was described by colleagues as a deep thinker with an encyclopedic knowledge of New York public finance law and a great sense of humor.

New York will license up to three casinos in New York City. What returns can the state and expect on new entrants to an increasingly crowded gambling market?

City and state law mean it's unlikely that Mamdani will be able to enact the parts of his agenda that would have major impacts on the city's credit. 

The city comptroller says Buffalo's finances are in dire shape, and is fighting in court not to issue debt authorized by the mayor and city council.

The Dormitory Authority of the State of New York and New York City both saw billion-dollar-plus deals oversubscribed. 

Municipal Market analytics hired Marvis Gutierrez in response to growing demand for the firm's services and plans to keep hiring. 

Transportation Secretary Sean Duffy also defended the administration's funding freeze on major New York transit projects.

The Department of Transportation pulled funds from the Gateway Project and the Second Avenue Subway extension, citing alleged "DEI" violations.

The authority's borrowing apparatus is maintaining a business-as-usual approach it embarks on a massive new capital program and fends off federal cuts.

"We are expecting a lot of interest in the offering next week," said Geoff Urbina, managing director, KeyBanc Capital Markets Public Finance.

The world's biggest opera house has been downgraded for the second time this year.

Metropolitan College plans to sell its Manhattan campus to The City University of New York, providing a reprieve for its bondholders. 

Transit expert and former MTA head "Train Daddy" Andy Byford is in charge of the $7 billion renovation.

Proceeds of the sale are expected to fund the purchase of the non-gambling businesses at Genting Group's Resorts World Catskills in Sullivan County.