New York

Mayor Bill de Blasio, several city and federal agencies and private developers closed a deal to finance the acquisition and renovation of five properties in Harlem through bonds.

Sales tax revenue collected by local governments in New York state rose 1.7%, or $130 million, in the first half of the year, according to a report released Thursday by state Comptroller Thomas DiNapoli.

Mom and pop investors veered from recent buying patterns on new issues and bought longer-maturity bonds in order to get higher yields on the New York City GO deal – even if it meant accepting lower coupons, according to a New York City underwriter involved in the deal.

New York City should budget even more conservatively to offset risks of up to $900 million in its four-year financial plan, said the New York State Financial Control Board

New York City Comptroller Scott Stringer lambasted City Hall for operational snafus in the sale of a Lower East Side nursing home to a luxury condominium developer.

A “robust toolbox” of financing programs helped a New York agency sell $1.3 billion of bonds last year to help further the city's affordable housing thrust, said its chief.

Municipal bond financing will boost a long-awaited nearly $1 billion waterfront redevelopment in the fiscally stressed Long Island city of Glen Cove, N.Y.

New York City faces outyear budget gaps of as high as $4 billion by fiscal 2019 according to an analysis by city Comptroller Scott Stringer.

New York MTA expects to save roughly $152 million in interest from its planned $1 billion sale of Hudson Yards lease securitization bonds, said CFO Robert Foran.

New York's property tax levy cap will be below 1% in 2017, and that is a credit negative for local governments throughout the state that are hampered by an ability to raise revenue, according to Moody's.