New York

The authority, one of the largest municipal issuers, will substitute a Bank of Tokyo-Mitsubishi letter of credit with State Street.

The New York governor announced a $150 billion infrastructure plan for the next five years.

A conservative budgeting approach in the wake of severe fiscal distress led S&P Global Ratings to revise its outlook to positive.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

The consent decree that New York City has signed with federal prosecutors over problems at the Housing Authority will not have a negative impact on the $89.15 billion Fiscal 2019 budget.

Navnoor Kang, a former director at the New York State Common Retirement Fund, wants home confinement rather than prison.

Mayor Bill de Blasio and the City Council face a raft of uncertainties about their third straight early budget.

The handshake deal boosts reserves, funds a "fair fares" discount for low-income subway riders for one year and provides Fair Student Funding for city schools.

Branches in every borough struggle to stay open due to broken boilers, leaky roofs and other serious maintenance problems, said the Center for an Urban Future.

Two town officials also received civil penalties totaling $35,000 and were ordered to resign and be temporarily barred from employment with Ramapo, N.Y.

Funding questions and palace intrigue accompany Andy Byford's plan to modernize New York City's buses and subways.

The New York City Housing Development Corp. intends to issue up to $838 million in in multi-family housing revenue bonds and provide $321 million in additional financing for affordable developments.

The Government Finance Officers Association honored New York City Comptroller Scott Stringer for excellence in financial reporting.

Revised criteria for not-for-profit hospitals combined with insurance-related losses to result in a downgrade for New York State’s largest healthcare provider.

New York City’s regulatory and tax oversight of businesses is a balancing act between the desire to increase revenues and to improve human behaviors, according to an urban planning expert.

New York City Health + Hospitals chief Mitchell Katz must navigate fiscal and political land mines as he sets out to fix a notoriously troubled unit.

Mayor Bill de Blasio raised both the goal for contract awards to minority and women owned businesses and the amount the firms can borrow.

Scott Evans, chief investment officer of New York City’s $194 billion of pension funds, will step down at the end of the fiscal year June 29.

The county is receiving only a very small cut of the revenue it projected from the video gambling terminal deal.

Council members questioned whether the "historic" levels of reserves in the mayor's $89.1 billion executive budget are really enough.