New York

The muni market saw $507.585 billion of debt issued in 2024, up 31.8% from $385.061 in 2023. This surpasses the previous record of $484.601 billion in 2020 by more than $20 billion, per LSEG data.

The resolution marks the end of a yearslong lawsuit.

The $33 billion funding gap in the authority's five-year capital plan is too big, the Senate majority leader and Assembly speaker said in a rejection letter.

The Metropolitan Transportation Authority's finance committee approved $9 billion of bonds, some backed by new revenue sources.

Suffolk's improved finances won the county its third rating upgrade this year.

Blackstone Inc. is refinancing tax-exempt debt for a 76-story residential tower in downtown Manhattan designed by famed architect Frank Gehry.

"It became apparent that building this new critical care, advanced care bed tower was a strategic imperative," said John Morgan, interim CFO at WMCHealth.

The agency says it will be able to fully fund its current and upcoming capital plan, despite lowered tolls. 

The group of five banks deny long-standing charges from a Minnesota-based whistleblower that they conspired to artificially inflate the rates on variable-rate demand bonds.

The cost of replacing the airport's train system has blown past its budget by $1.45 billion to $3.5 billion.

The $4.5 billion of New York Transportation Development Corp. bonds sold for the P3 won the Northeast category of The Bond Buyer's 2024 Deal of the Year awards.

Opposition from President-elect Trump and lawsuits from all sides persuaded Gov. Kathy Hochul to lift her pause on the tolling program.

The incoming administration's opposition to congestion pricing has put renewed pressure on New York's governor. 

The former Goldman Sachs and Wells Fargo banker will seek to expand the firm's structured finance products.

The Metropolitan College of New York wants to sell real estate in lower Manhattan as part of a deal with bondholders allowing the school to skip a debt payment

The deal was the latest billion-dollar-plus transaction for one of the P3 airport terminal projects at John F. Kennedy International Airport.

New York City Comptroller Brad Lander announced an initiative to further exclude fossil fuels from pension funds' private portfolios to combat climate change.

Public pension benefit improvements could put credit pressure on states that enact them, the rating agency said this week.

Christopher Roberts joins the firm as a managing director, Joey Dierker as an associate director, Soledad Mancias as a municipal underwriter, and Steve Basset as a director.

The city faces no monetary penalty or monitorship in the final judgment in what those involved are calling an unprecedented move for SEC litigation.