New York

New Jersey Governor Chris Christie and New York Governor Andrew M. Cuomo delivered a letter to President Barack Obama Tuesday outlining a framework aimed at achieving funding for a new trans-Hudson commuter rail tunnel.

A federal investigation into loan guarantees made by the Town of Oyster Bay, N.Y. could impact the credit rating of New York's fourth largest township, according to Moody's Investors Service.

New York Gov. Andrew Cuomo announced on Sept. 12 that Long Island’s Suffolk County will receive $388 million in state and federal funding to expand sanitary sewer service to 8,075 parcels of land that currently utilize on-site septic systems.

New York State Comptroller Thomas DiNapoli’s recent decision to lower required contribution rates for two statewide pension systems is credit positive for the Empire State and its local governments, according to Moody’s Investors Service.

The Dormitory Authority of the State of New York authorized $1.12 billion in new financings.

The New York City Transitional Finance Authority intends to sell $1.15 billion in future tax-secured subordinate bonds in September.

New York’s Metropolitan Transportation Authority on Sunday expects to open its long-delayed 1.5-mile extension of the No. 7 subway line, a $2.4 billion, city-backed project.

Tuesday’s ouster of United Airlines’ CEO Jeff Smisek and two senior officials at the carrier in the midst of a federal investigation related to dealings with the Port Authority of New York and New Jersey has brought new scrutiny to the transportation agency.

The Port Authority of New York and New Jersey’s reform legislation and priorities for its 10-year capital plan will be examined during hearings scheduled for Sept. 10 before the New Jersey Senate Legislative Oversight Committee.

New York State and Local Retirement System (NYSLRS) employer contribution rates will decrease for the 2017 fiscal year, State Comptroller Thomas DiNapoli announced on Sept. 4.