New York

The Securities Exchange Commission and the former town attorney for Oyster Bay, N.Y. have agreed to a proposed settlement of SEC charges.

The state House approved a $22.5 billion general fund budget that relies on fees and tax increases to fund priorities like pension obligations.

Transportation Secretary Elaine Chao said career employees within her department calculated only a 5% local funding commitment because the two states are relying on federal loan guarantees.

Diminished Washington aid and a pending downturn require prudence, the city's comptroller said.

Improved reserves led Moody's to raise the county one notch to A3.

"We have to find new solutions," said Partnership for New York president Kathryn Wylde.

The on-time and on-budget Tappan Zee Bridge replacment helped the authority land a positive rating outlook.

Officials say the law's ban on advance refundings may cost the city $425 million in savings over four years and that changes in state law are needed to offset the damage from the limit on the state and local tax deduction.

Northeast municipal bond issuance was up 4% from 2016 to $121.3 billion.

The new chief of the MTA's headline unit must juggle his vision for the agency with crisis management.