New York

Veronique ‘Ronnie’ Hakim returns as MTA New York City Transit president after 18 months as NJ Transit executive director.

The fiscal control board for Long Island’s Nassau County has rejected its $2.95 billion budget proposal saying it relies too much on uncertain revenue assumptions.

Pat Foye, executive director of the Port Authority of New York and New Jersey, is planning to step down, the agency announced Thursday.

New York’s transit workers union chief and the CEO of a paratransit vendor plan to meet again in the hopes of averting a strike over working conditions.

Higher interest rates could challenge New York’s Metropolitan Transportation Authority over the next few years, said its chief financial officer.

Chicago-based Mesirow Financial has hired veteran infrastructure banker and public-private partnership specialist Walter Kulakowski in its New York office.

New York MTA plans $700 million of new-money transportation revenue bond anticipation notes and a $43.8 million remarketing next month, said finance manager Patrick McCoy.

Fitch Ratings has followed Standard & Poor’s in revising the Long Island Power Authority’s outlook from negative to stable.

Federal, state and New York City officials met with MTA Chairman Thomas Prendergast to discuss how to fast-track Second Avenue subway line extension to Harlem.

New York City’s November financial plan update for fiscal 2016 reveals a $304 million surplus, said Mayor Bill de Blasio.