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.