New York

Fitch Ratings upgraded New York’s Erie County to A-plus from A on Sept. 16 citing improved budgeting practices.

Nassau County, N.Y. Executive Ed Mangano proposed a 2016 budget that if adopted would raise property taxes on the large Long Island municipality by 1.2%.

New Jersey Governor Chris Christie and New York Governor Andrew M. Cuomo delivered a letter to President Barack Obama Tuesday outlining a framework aimed at achieving funding for a new trans-Hudson commuter rail tunnel.

A federal investigation into loan guarantees made by the Town of Oyster Bay, N.Y. could impact the credit rating of New York's fourth largest township, according to Moody's Investors Service.

New York Gov. Andrew Cuomo announced on Sept. 12 that Long Island’s Suffolk County will receive $388 million in state and federal funding to expand sanitary sewer service to 8,075 parcels of land that currently utilize on-site septic systems.

New York State Comptroller Thomas DiNapoli’s recent decision to lower required contribution rates for two statewide pension systems is credit positive for the Empire State and its local governments, according to Moody’s Investors Service.

The Dormitory Authority of the State of New York authorized $1.12 billion in new financings.

The New York City Transitional Finance Authority intends to sell $1.15 billion in future tax-secured subordinate bonds in September.

New York’s Metropolitan Transportation Authority on Sunday expects to open its long-delayed 1.5-mile extension of the No. 7 subway line, a $2.4 billion, city-backed project.

Tuesday’s ouster of United Airlines’ CEO Jeff Smisek and two senior officials at the carrier in the midst of a federal investigation related to dealings with the Port Authority of New York and New Jersey has brought new scrutiny to the transportation agency.

The Port Authority of New York and New Jersey’s reform legislation and priorities for its 10-year capital plan will be examined during hearings scheduled for Sept. 10 before the New Jersey Senate Legislative Oversight Committee.

New York State and Local Retirement System (NYSLRS) employer contribution rates will decrease for the 2017 fiscal year, State Comptroller Thomas DiNapoli announced on Sept. 4.

Prospects for bringing all New York subway stations to a state of good repair are dim even if the MTA gets full capital funding, said a watchdog organization.

Averil Smith, a CPA with more than 23 years of private sector financial experience, has been tapped as the new comptroller for the Town of North Hempstead on Long Island.

New York City paid out $495 million in settlements and judgments in fiscal 2013 and a further $550.3 million in 2014, said city Comptroller Scott Stringer.

Workers began installing the first sections of rail on the Long Island Rail Road's $388 million Double Track Project, funded in the MTA capital plans.

Pittsburgh-based PNC Capital Markets LLC hired public finance banker Kerry Rudy in Chicago to lead its national healthcare sector and is bolstering its New York team with the addition of Lawrence Stephens to lead coverage of the city.

The reconstruction New York's LaGuardia Airport could trigger more public-private partnerships including the proposed air-train connector, P3 experts say.

Livery-service tax overhaul could help fill the $2.6 billion gap in New York MTA's proposed capital plan, said the Citizens Budget Commission.

The New York Power Authority finished $2.1 million in energy efficiency upgrades at the MTA's Metro-North Railroad North White Plains Train Yard.