New York

The record-breaking pace of job growth in New York City is slowing and this trend is seen continuing into the future and will affect the city’s budget and finances, Independent Budget Office Director Ronnie Lowenstein and City Comptroller Scott Stringer testified on Thursday.

The Port Authority of New York and New Jersey needs to speed up the slow-moving process to replace its Manhattan bus terminal, transportation experts said after the authority allocated only $3.5 billion toward the $10 billion project.

Upkeep to aging infrastructure is central to New York City’s $89.6 billion, 10-year capital plan, budget chief Dean Fuleihan told City Council members.

S&P Global Ratings said it revised the outlook to negative from stable and affirmed its AA-minus rating on New York State Dormitory Authority's series 2010 revenue bonds and the Dutchess County Local Development Corp.'s series 2013 revenue bonds, issued for Vassar College.

The number of those working in offices in New York City hit a record 1.5 million in 2016, New York State Comptroller Thomas DiNapoli said in a report released Monday.

Nassau County, N.Y.’s decision to speed up a commitment to stop borrowing to pay taxpayer refunds is a credit positive, according to Moody’s Investors Service.

Officials from New York’s MTA have discussed delays to the reconstruction of the No. 1 Cortlandt Street station – destroyed on 9/11 – with contractor Judlau.

The Albany city government could lose important state funding under New York Gov. Andrew Cuomo's proposed fiscal 2018 budget.

Some New York State lawmakers are pushing for a public vote on a proposed $5 billion bond to fund water infrastructure improvements.

New York City Mayor Bill de Blasio signed legislation that assigns the Independent Budget Office to create a report on the $2.8 billion of economic development tax breaks the city awards annually. The mayor also signed legislation that expands the boundaries of the DUMBO Business Improvement District.

Gov. Andrew Cuomo's planned $65 million cut in state aid to New York MTA worries authority board members.

New York's debate over reduced fares for lower income persons reflects a long-running tension among the state, city and public transit agencies.

New York City agencies should work harder to cut costs as Washington uncertainty hovers, Comptroller Scott Stringer said in his review of Mayor Bill de Blasio’s $84.7 billion preliminary budget.

New York's drinking water infrastructure may require nearly $40 billion of repairs and improvements over the next two decades, according to State Comptroller Thomas DiNapoli.

New York Mayor Bill de Blasio cited the need to attract higher-paying jobs in his annual State of the City address.

New York State Comptroller Thomas DiNapoli is concerned that Gov. Andrew Cuomo's proposed $162 billion 2018 budget contains elements that could hamper spending oversight.

Municipal bond issuers in the Northeast sold $116.4 billion of debt in 2016, according to Thomson Reuters data, a 13% increase that echoed a national trend.

The growth in New York City's economy slowed to 1.8% in the fourth quarter of 2016, down from the 2.8% pace seen in the third quarter, according to a report released Wednesday by city comptroller Scott Stringer.

The Port Authority of New York and New Jersey has begun a request for proposals process for a train connection to LaGuardia Airport.

The city is partnering with community groups to help MWBEs get certified or re-certified as MWBE contractors and then will work with those firms to help them compete for city contracts.