New York

New York’s Nassau County closed 2015 with a $58.2 million budget surplus driven mainly by borrowing for property tax refunds and police termination pay, according to a report issued by County Comptroller George Maragos.

Variable-rate debt represents a manageable 7% of New York MTA’s $36.7 billion debt portfolio, finance manager Patrick McCoy said.

Construction delays at the 72nd Street station could jeopardize the planned December opening of the Second Avenue subway line, New York MTA officials say.

Ramapo, N.Y.’s A1 rating from Moody’s Investors Service is on review for downgrade in the wake of federal fraud charges alleging misstatements of financial reporting.

Nassau County's sales tax revenue surged in the first quarter and is already close to meeting its budgeted target for the year.

Outside-the-box approaches to New York's regional transportation woes still beg the question of funding.

In parallel actions on Thursday, the Securities and Exchange Commission and the U.S. district attorney for the Southern District of New York filed civil and criminal charges against Ramapo, N.Y., officials for misleading investors in connection with bonds issued to finance a minor league baseball stadium.

With its credit on the mend, Buffalo, N.Y., is prepping a $52.7 million negotiated bond sale Wednesday to address capital projects and refinance old debt.

New York State's “Lean Initiative” has won the Citizens Budget Commission’s 2016 award for Public Service Innovation, the CBC announced on Wednesday. The prize will be presented at the CBC’s annual dinner on Thursday.

Long Island’s Nassau County is transferring its authority to install 1,000 video lottery terminals to Resorts World Casino at Aqueduct Racetrack in Queens under a provision in the 2017 New York State budget.

New York State’s $156 billion 2017 fiscal budget approved Friday boosts spending to address aging statewide public water needs.

New York State lawmakers agreed on a $156 billion fiscal 2017 budget Thursday night that includes a record $55 billion in transportation investments.

One-third of New York small business owners endure long waits for approvals to open shop, according to city Comptroller Scott Stringer’s red-tape panel.

An overhaul of LaGuardia Airport is closer to taking flight after the Port Authority of New York and Jersey Board of Commissioners voted to approve a public-private partnership for the $4 billion project.

The Gateway Tunnel rail project connecting New Jersey to Manhattan received a commitment for $70 million in an effort to fast-track the estimated $20 billion initiative.

In a move supporters say will bring millions in annual new revenue to New York, lawmakers advanced legislation to legalize professional mixed martial arts.

New York’s MTA expects to know the fate of its five-year capital program by the end of the month, said Chairman Thomas Prendergast.

Following a consultant's scathing report, New York City Comptroller Scott Stringer's office has set out to streamline the Bureau of Asset Management.

The savings are that New York City Mayor Bill de Blasio trumpets from significant changes to the city’s employee health plans are a matter of debate.

Manhattan’s financial services industry will not lift New York State and New York City’s tax revenues because of a “lackluster” performance from Wall Street last year, according to Moody’s Investors Service.