New York

The town of Ramapo, N.Y. and one of four individuals charged with securities fraud by the Securities and Exchange Commission for misleading muni bond investors are disputing the charges and urging a federal judge to dismiss the case.

Newly announced $10 million grants for five downtown revitalization projects around New York State are a credit positive for the participating municipalities, according to Moody’s Investors Service.

As part of the New York Metropolitan Transportation Authority’s $27 billion five-year capital program, Gov. Andrew Cuomo on Monday announced plans for the renovation of 31 subway stations across New York City and unveiled a totally new design for the 1,025 subway cars that are on tap to be bought by the agency.

Rochester, N.Y., appears to have turned a fiscal corner even as it manages through the decline of two large employers that once formed the bedrock of the city’s economy and identity.

The New York City Economic Development Corp. on Thursday picked the Lowline team to create the world’s first underground park on the Lower East Side, using solar technology to transform the abandoned Williamsburg Bridge Trolley Terminal under Delancey Street into a one-acre cultural space set to be opened to the public in 2021.

New York’s Nassau County saw an $8.1 million increase in sales tax revenue for the first half of the year and is on pace to exceed budget projections, according to Comptroller George Maragos.

New York City will hold to a prudent financial course while maintaining a progressive social program, Mayor Bill de Blasio told municipal bond market participants on Tuesday.

While the Yankees' and Mets' ballparks received upgrades of late, Yankee Stadium is a stronger credit than Citi Field, said Moody's.

A proposal to place Oyster Bay, N.Y. under state oversight is “premature” according to Town Supervisor John Venditto, who said he has a plan to steer the junk-rated municipality on the right course.

The Town of Oyster Bay, N.Y. should fall under state oversight, says a state assemblyman who introduced legislation to do so.

New York City failed to collect nearly $60 million in revenue over six years thanks to improper tax breaks to dead people and corporations, said Comptroller Scott Stringer.

New York State’s bond calendar for the third quarter contains nearly $5 billion more in issuance than a year earlier, state comptroller Thomas DiNapoli said.

Standard & Poor's raised the long-term debt rating of Rochester, N.Y., one notch to double-A-minus Tuesday citing enhanced budget practices.

New York MTA's plans for new fare-payment systems spotlight how an agency tries to juggle longstanding problems with challenges of tomorrow.

The New York City Transitional Finance Authority intends to sell $1.05 billion of future tax-secured subordinate bonds in July.

Market turmoil following the Brexit vote emphasizes the need for diversification of pension funds, said New York City Comptroller Scott Stringer.

New York City broke ground Friday on a $67 million reconstruction project at the Ocean Bay-Oceanside development in the Rockaways. The New York City Housing Authority development, which is home to more than 400 families, was hard hit by Hurricane Sandy.

The failure of Long Island’s Dowling College placed distressed higher education institutions in the spotlight, prompting a call from one of the most powerful U.S. senators for a credit warning system for students.

The board of New York’s Metropolitan Transportation Authority on Wednesday authorized a bond offering to monetize a portion of the 99-year lease payments from Hudson Rail Yards commercial and residential development.

Five new members, including two appointed by New York Mayor Bill de Blasio, have joined the New York MTA board.