New York

The New York City Transitional Finance Authority intends to sell $1 billion of future tax-secured subordinate bonds this month.

The New York City Pension Funds returned 3.4% gross, and 3.15% net of fees, for fiscal 2015, said city Comptroller Scott Stringer.

New York State’s 2% tax cap law contributed to Standard & Poor’s dropping Suffolk County’s credit rating by one notch ahead of two bond sales.

Heavy lifting remains after political and transit leaders announced an agreement for a five-year New York MTA capital program.

Nassau County Comptroller George Maragos is projecting a deficit risk of $49.1 million if changes are not made to the proposed 2016 budget.

The Long Island Power Authority is slated to sell $1 billion in restructuring bonds through its Utility Debt Securitization Authority (UDSA) in mid-October aimed at lowering costs of the utility’s nearly $8 billion outstanding debt.

New York City could contribute a lot more to the MTA’s capital plan if the state can stop lockbox raids and give the city more say, says Mayor Bill de Blasio.

New York City’s securities industry may be positioned for a positive 2015 after a strong first half to the year, according to a Oct. 6 report released by State Comptroller Thomas DiNapoli.

Construction costs for the Bayonne Bridge “Raise the Roadway” project have increased and the projected completion is now two years behind schedule, the Port Authority of New York and New Jersey announced.

New York State’s fourth quarter municipal bond issuance will be slightly down compared to the year ago period, according to a tentative schedule released by Comptroller Thomas DiNapoli.

A continued shift towards digital media goods such as downloaded music could affect $41 million of New York City tax revenue, said the watchdog Independent Budget Office.

The Port Authority of New York and New Jersey has completed a $400 million modernization project at John F. Kennedy International Airport.

This week we update a comparison of economic strength and fiscal health for New York State Counties, we look at the impact of MCDC on the number of 15c2-12 filings, and highlight one piece of good news for Puerto Rico.

New York’s Off-Track Betting (OTB) corporations are at risk of financial insolvency due to major revenue decreases and rising costs, according to a new audit issued by State Comptroller Thomas DiNapoli.

New York's MTA will review its $152 million contract with its paratransit Access-a-Ride service provider after employees told board members of mistreatment.

The Port Authority of New York and New Jersey has approved a 75-year lease with a developer to transform the former TWA Flight Center at John F. Kennedy Airport into a hotel complex.

A New York State oversight board that controls Nassau County finances has opted to refinance $118 million in long-term debt as a way to save $9.7 million in lower interest payments on debt service costs.

New York’s MTA expects to resubmit its five-year capital program request to state officials by the end of next month, Chairman Thomas Prendergast said.

New York State Comptroller Thomas DiNapoli has designated 44 municipalities across the Empire State as fiscally stressed.

Suffolk County Executive Steve Bellone is proposing a $2.97 billion 2016 budget that stays with New York State’s 2% property tax cap.