New York

The New York Metropolitan Transportation Authority’s operation of its federally mandated Access-A-Ride program has been marked by waste, mismanagement and widespread service failures, according to an audit released on Tuesday by Comptroller Scott M. Stringer.

A new proposal in the New York State Legislature would if approved place borrowing limits on the Long Island Power Authority (LIPA) if approved.

New York City will end fiscal 2016 with a $3.5 billion surplus, $151 million more than Mayor Bill de Blasio’s estimate, said the watchdog Independent Budget Office.

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Signs of a cooling economy in New York City emerged despite first quarter 2016, growth, said city Comptroller Scott Stringer.

New York State Comptroller Thomas DiNapoli wants a constitutional limit on state debt and an end to "backdoor borrowing."

The nation’s largest issuer is collaborating with the New York Department of Health (DOH) to expedite reimbursements from bond proceeds for the state’s healthcare institutions.

New York City on Tuesday announced new selling groups for its general obligation bonds and securities issued by the Transitional Finance Authority and Municipal Water Finance Authority.

Ramapo, N.Y. was too highly rated by Moody’s Investors Service and remains so after recent federal charges against town officials, according to a report from Gurtin Fixed Income Management.

New York City intends to sell $800 million of general obligation refunding bonds on May 18 through negotiation.

The Municipal Forum of New York chose 45 New York City high school seniors to be Urban Leadership Fellows for 2016.

One of the largest municipal market deals of 2016 will help the $4 billion overhaul of New York City’s LaGuardia Airport take wing.

New York City on Thursday announced new underwriting syndicates for its bond sales and those of the Transitional Finance Authority and Municipal Water Finance Authority. The city said the selections represent an increase to 31% in the share of minority and women-owned business enterprises assigned on a rotating basis as book-running senior managers.

Columbia University recently issued $50 million in green bonds through the Dormitory Authority of the State of New York (DASNY) that will fund construction of a new science center for the Ivy League school’s Manhattanville campus, Gov. Andrew Cuomo announced Friday.

The New York State Thruway Authority is planning an $850 million bond sale in early May to aid the construction of an estimated $5 billion new Tappan Zee Bridge.

New York Mayor Bill de Blasio unveiled his $82.2 billion executive budget, which he said relies on “progressive, responsible and honest budgeting.”

California is the least prepared to weather a recession of the four most populous states, according to a Moody’s Investors Service fiscal stress test.

The MTA board authorized Chairman Thomas Prendergast to settle a dispute with New York City officials over the proposed 99-year lease of its former headquarters.

The New York MTA board approved the latest, $29.5 billion, iteration of a five-year capital program that seemingly has had more delays than some of its megaprojects.

Gov. Andrew Cuomo’s infrastructure proposals set the state up for long-term economic competitiveness.