New York

A fiscal control board has warned New York’s Nassau County to not use reserve funds from its $2.95 billion budget for covering expired tax abatement refunds.

New York Mayor Bill de Blasio wants state authority to use a design-build system for infrastructure procurements, amid headwinds from opponents that include labor unions.

The Port of Authority of New York and New Jersey should cease to own or operate transportation infrastructure, substituting ownership with private concession agreements, said a report.

New York State will be well positioned to withstand a potential moderate economic downtown and federal funding uncertainties if lawmakers adopt Gov. Andrew Cuomo’s proposed 2018 budget, according to S&P Global Ratings.

New York City officials and market observers on Wednesday weighed in with words of caution about the uncertainties facing the city’s finances, a day after Mayor Bill de Blasio released his $84.7 billion preliminary budget for fiscal 2018.

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.

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.