New York

New York’s Metropolitan Transportation Authority board switched tracks and shielded single-fare riders from the latest round of biennial fare and toll increases.

Moody’s Investors Service restored the Town of Oyster Bay’s credit rating Tuesday at an investment grade, a year after the Wall Street firm removed the rating of New York’s fourth largest township citing to a lack of audited financial statements.

Amid ‘deep uncertainty’ in Washington, New York Mayor Bill de Blasio released his $84.7 billion fiscal 2018 preliminary budget.

New York MTA retired $945 million of debt from its core portfolio last year through normal amortization, said deputy finance director Olga Chernat.

New York State debt is projected to decline for a fifth straight year at the end of the current budget cycle, Gov. Andrew Cuomo touted in his new spending plan proposal.

New York’s Metropolitan Transportation Authority expects to issue more environmental green bonds in 2017, a finance official told board members.

A $60 million bond refinancing deal was structured in part to boost the fiscal health of the struggling Rensselaer School District in upstate New York.

The New York City Council approved a bill that requires the watchdog Independent Budget Office to review city-issued economic development tax breaks.

New York Gov. Andrew Cuomo unveiled a $152 billion budget proposal late Tuesday that would extend a set-to-expire millionaire's tax to preserve $4 billion in revenue over the next two years.

The New York City Council voted unanimously to approve an expansion of the DUMBO Business Improvement District at a meeting at City Hall on Wednesday. The full council vote on the bill came after the Finance Committee unanimously passed it in the morning.