New York

The tax hike should provide new recurring revenue that restores structural balance after years of weak reserve levels, according to S&P Global Ratings.

Mount Vernon Mayor Richard Thomas pleaded guilty to stealing $13,000 in campaign funds and failing to disclose a $4,000 payment from his campaign committee.

New York’s five-year capital plan may contain long-term risks from the state's increased reliance on borrowing, according to State Comptroller Thomas DiNapoli.

Moody's Investors Service revised the outlook on its A2 rating for Yonkers, New York, to negative from stable.

Three-quarters of New York subway stations are inaccessible to wheelchair users, who must fight for funds to install elevators and other upgrades.

Kathy Wylde, president of the business group Partnership for New York City, discusses the city's economic climate and related issues including transit, site selection, technology and the new rent overhaul law. Paul Burton hosts.

Municipal bond buyers are taking a second look at new issues with 3% and 4% coupons against a backdrop of what has been a strong traditional preference for 5% bonds.

The Port Authority of New York and New Jersey is trying to prepare for increased ridership on its rail transit system with more than $1 billion of investment.

Charles Gasparino of FOX Business Network talks with Chip Barnett about the role municipal bonds play in the U.S. and how the market has changed over the years. He gives a look back at New York City's finances as well as the best ways to approach infrastructure spending across the country.

The board approved a request to increase 2019 authorization for new-money bonds and bond anticipation notes to a $5 billion maximum from $3 billion.