New York

The New York State Thruway Authority is expected to face fiscal challenges with its current revenue structure and must implement a long-term capital plan to cover important infrastructure needs, according to a new audit released by State Comptroller Thomas DiNapoli.

New York Mayor Bill de Blasio signed legislation authorizing the creation of the Greater JFK Business Improvement District.

Mayor Bill de Blasio warned President-elect Donald Trump not to repeal the Dodd-Frank Act and promised to push back on other matters affecting New York.

Continued biennial toll and fare increases, and further savings are essential for the finances of New York’s MTA, its chief financial officer told the board.

Buffalo, N.Y. has been upgraded one notch to AA-minus by Fitch Ratings, the highest level New York’s second largest city has achieved since a near bankruptcy brought it close to junk level a decade ago.

The finance committee of New York's MTA approved Loeb & Loeb LLP as outside counsel relating to the Penn Station renovation project.

The opening of New York’s long-delayed $4.5 billion Second Avenue subway line by year’s end is still up in the air, said the MTA’s independent engineer.

While backers tout the benefits of green bond certification, municipal issuers must examine whether it's the best fit. Concerns include costs, procedural burdens and redundancies.

The Housing Partnership Development Corp. has received an excellence award from the New York Association for Affordable Housing.

Ram Raju will resign as the head of New York City’s embattled Health + Hospitals unit, effective Nov. 30.

TSASC Inc. has scheduled a $1 billion sale of tobacco settlement bonds on Nov. 16 after a one-day retail period.

Hofstra University received a one notch upgrade to A2 by Moody’s Investors Service.

New York State's tax collections dipped $1.3 billion in the first half of the 2016 fiscal year that began April 1, according to State Comptroller Thomas DiNapoli.

New York’s Westchester County announced a public-private partnership for its municipal airport in White Plains, N.Y. designed to direct airport revenue to the county budget.

The Nassau County legislature approved a $2.9 billion budget Monday that leaves a $77 million revenue hole for the large New York State municipality.

New York earned a second straight D-plus for procurement spending on minority and women-owned businesses, said city Comptroller Scott Stringer.

The board of New York’s MTA approved measures intended to advance open-road electronic tolling at the authority’s crossings.

S&P Global Ratings said it has raised its long-term rating on Rockland County, N.Y.'s general obligation debt to BBB-plus from BBB.

The New York City Council unanimously voted to create a new business improvement district in Queens called the Greater JFK BID.

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