New York

New York City’s outyear budget gaps are greater than the estimates from Mayor Bill de Blasio’s budget team, according to an analysis by city Comptroller Scott Stringer.

New York Gov. Andrew Cuomo’s proposed fiscal 2017 budget maintains a controlled spending policy, according to Standard & Poor’s.

Orrick, Herrington & Sutcliffe has promoted two public finance attorneys to partner.

Patrick McCoy, the finance director New York’s Metropolitan Transportation Authority, was elected president of the Government Finance Officers Association.

Jon Kaiman, who has chaired Nassau County's fiscal control board since September 2013, is stepping down to run for Congress.

The Port Authority of New York and New Jersey announced Monday that it established a new cargo volume record in 2015.

New York Mayor Bill de Blasio is pitching a 17-mile surface streetcar to run north-south through parts of Brooklyn and Queens and parallel to the East River.

New York Mayor Bill de Blasio announced procurement rule changes to help increase city contract awards to minority- and women-owned business enterprise firms.

While federal aid to New York City dropped about $1 billion over five years, the total is flat aside from stimulus and Hurricane Sandy funding, said the Independent Budget Office.

The New York City Transitional Finance Authority intends to sell $1 billion in future tax secured subordinate bonds on Feb. 9, city officials announced.