New York

Nassau County, N.Y.’s fiscal control board has approved its $2.95 billion 2016 budget, while mandating quarterly reviews to track if revenue and spending levels are on the right track.

The Town of Hempstead, N.Y. on Long Island had its credit rating for $370 million of previously issued limited tax general obligation bonds slashed one notch to Aa2 by Moody’s Investors Service. The outlook was revised to negative from stable.

The trustees of the New York City Pension Funds approved a plan to create a common investment meeting, in a move city Comptroller Scott Stringer says will significantly streamline the operations of the five pension boards.

The Independent Budget Office’s latest budget options for New York City include sustainability and local environmental measures, from a city-based carbon tax to a congestion surcharge for taxi and for-hire vehicle pickups.

The Port Authority of New York and New Jersey is planning a $6.5 billion 2016 spending plan that funds major transportation projects, the agency announced Monday.

In just six months, the new Municipal Finance Group at Bonwick Capital Partners LLC has been selected as senior manager on five transactions totaling more than $150 million.

Carol Kostik, co-winner of the Freda Johnson award from Northeast Women in Public Finance, has managed more than $90 billion of New York City debt over 10 years.

How New York’s MTA communicated amid Hurricane Sandy could provide a digital-age blueprint for any transit crisis.

The recent $20 billion funding agreement for the long-stalled Gateway Hudson River tunnel will benefit the New York and New Jersey regional economies, according to Moody’s Investors Service.

The Nassau Interim Finance Authority (NIFA) has brought in a veteran New York City finance official to help the Long Island county iron out an acceptable 2016 budget plan.