New York

California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.

The MTA board authorized Chairman Thomas Prendergast to settle a dispute with New York City officials over the proposed 99-year lease of its former headquarters.

The New York MTA board approved the latest, $29.5 billion, iteration of a five-year capital program that seemingly has had more delays than some of its megaprojects.

Gov. Andrew Cuomo’s infrastructure proposals set the state up for long-term economic competitiveness.

New York’s Nassau County closed 2015 with a $58.2 million budget surplus driven mainly by borrowing for property tax refunds and police termination pay, according to a report issued by County Comptroller George Maragos.

Variable-rate debt represents a manageable 7% of New York MTA’s $36.7 billion debt portfolio, finance manager Patrick McCoy said.

Construction delays at the 72nd Street station could jeopardize the planned December opening of the Second Avenue subway line, New York MTA officials say.

Ramapo, N.Y.’s A1 rating from Moody’s Investors Service is on review for downgrade in the wake of federal fraud charges alleging misstatements of financial reporting.

Nassau County's sales tax revenue surged in the first quarter and is already close to meeting its budgeted target for the year.

Outside-the-box approaches to New York's regional transportation woes still beg the question of funding.