New York

The MTA’s tentative deal with New York transit employees provides some certainty while ignoring spiraling health-care and pension costs untouched, say muni bond observers.

New York City Mayor Bill de Blasio picked Maria Torres-Springer to be the city's new Commissioner of Housing Preservation and Development, replacing the departing Vicki Been. Separately, he named James Patchett President and CEO of the NYC Economic Development Corp.

Green bonds are a tool more issuers use to finance various means of purifying drinking water and buffering against rising seas.

New York State Comptroller Tom DiNapoli is calling for fiscal and procurement reforms after a new report released Thursday shows the state's public authorities have accumulated $267 billion in debt.

The New York City Industrial Development Agency approved $195 million in tax breaks for Related Cos. and Oxford Properties for their planned Hudson Yards office tower.

The planned 2021 closure of Indian Point nuclear power plant has no immediate credit impact for New York State local governments that depend on the facility's payments in lieu of taxes, according to S&P Global Ratings.

New York State would invest a record $2 billion to enhance water infrastructure under a proposal announced by Gov. Andrew Cuomo Monday.

The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.

The New York City Department of Housing Preservation and Development is looking for qualified groups to form a community land trust.

New York State will be closing its aging Indian Point Power Plant ahead of schedule, Gov. Andrew Cuomo announced in a state of the state address Monday.