New York

This week we update a comparison of economic strength and fiscal health for New York State Counties, we look at the impact of MCDC on the number of 15c2-12 filings, and highlight one piece of good news for Puerto Rico.

New York’s Off-Track Betting (OTB) corporations are at risk of financial insolvency due to major revenue decreases and rising costs, according to a new audit issued by State Comptroller Thomas DiNapoli.

New York's MTA will review its $152 million contract with its paratransit Access-a-Ride service provider after employees told board members of mistreatment.

The Port Authority of New York and New Jersey has approved a 75-year lease with a developer to transform the former TWA Flight Center at John F. Kennedy Airport into a hotel complex.

A New York State oversight board that controls Nassau County finances has opted to refinance $118 million in long-term debt as a way to save $9.7 million in lower interest payments on debt service costs.

New York’s MTA expects to resubmit its five-year capital program request to state officials by the end of next month, Chairman Thomas Prendergast said.

New York State Comptroller Thomas DiNapoli has designated 44 municipalities across the Empire State as fiscally stressed.

Suffolk County Executive Steve Bellone is proposing a $2.97 billion 2016 budget that stays with New York State’s 2% property tax cap.

Fitch Ratings upgraded New York’s Erie County to A-plus from A on Sept. 16 citing improved budgeting practices.

Nassau County, N.Y. Executive Ed Mangano proposed a 2016 budget that if adopted would raise property taxes on the large Long Island municipality by 1.2%.