New York

The opening of New York's Second Avenue subway line by year's end remains an open question, said an independent engineer.

New York MTA’s derivatives program reduces budget risk through interest-rate and fuel-hedging strategies, said finance director Patrick McCoy.

Nassau County Executive Ed Mangano and Oyster Bay Town Supervisor John Venditto were arrested on federal corruption and bribery charges.

The former head of the Internal Revenue Service's tax-exempt bond office says TEB is ignoring alleged violations on a financing for a Syracuse mall that benefited from breaks sought by Hillary Clinton.

The Transportation Department fast-tracked the Hudson Tunnel replacement portion of the $24 billion Gateway Program.

Education is potentially the most important public service to suffer from the $1.7 trillion pension funding crisis, said a Manhattan Institute report.

The credit quality of New York State’s local governments and school districts has stayed stable the last eight years, as rising real estate values made up for a slow economic recovery and increased pension costs, according to S&P Global Ratings.

New York Gov. Andrew Cuomo is pushing for automatic tolling at Metropolitan Transportation Authority-operated bridges and tunnels in hopes of echoing other states that have eased traffic congestion through similar strategies.

A proposed $3 billion budget for New York's Nassau County contains nearly $115 million in risky revenue assumptions that could create a "sizable" deficit, according to county comptroller George Maragos.

The planned shutdown of the L subway line through Brooklyn has spawned widespread calls in New York to spend capital dollars on alternative transportation.