New York

Thomas DiNapoli criticised the agency for failing to include projected costs associated with needed system repairs in its 2023 20-Year Needs Assessment.

The primary saw strong demand with the Triborough Bridge and Tunnel Authority doubling the size of its deal to $1.6 billion.

"The market seems to be coalescing around the view that these historically rich ratios can be sustained through February, but that the market technical becomes far less favorable in March and April," said Birch Creek Capital strategists in a report.

The deal comes following several toll increases — which have bolstered the authority's credit — that have also compelled a state senator to introduce a bill that would dissolve the authority.

Katz is well known for guiding operational improvement and expense control in the financial services sector, his new employer said.

Hochul's budget proposal for fiscal 2025 would preserve New York State's reserves at $19 billion.

Mr. Laverty spent most of his life living and working in New York City as a municipal bond underwriter for several Wall Street firms.

"Hiring Giles along with other senior and experienced hires over the last year demonstrates our deep commitment to public finance at a time when our competitors are laying off in droves or retrenching from the sector entirely," said Suzanne Shank, president and CEO of Siebert Williams Shank.

The top five bond financings have an average dollar volume of more than $917 million.

"Some have called on us to use our rainy-day fund to cover asylum seeker needs. We do not agree and neither do our city and state comptrollers as well as the bond rating agencies and fiscal experts," said NYC Mayor Eric Adams.