New York

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.

The political bickering that litters the New York-area transportation funding landscape raises doubts about big projects such as the LaGuardian Airport renovation and Hudson River train tunnels.

New Jersey Gov. Chris Christie met Tuesday with federal transportation officials about funding for a long-stalled Hudson River rail tunnel that would connect his state to New York City.

The New York State Common Retirement Fund returned 0.52% s overall in the fiscal 2016 first quarter, said Comptroller Thomas P. DiNapoli.

Many underlying causes of MTA subway train delays are controllable, New York State Thomas DiNapoli said while triggering an angry response from the authority.

U.S. Sen. Charles Schumer, D-N.Y., is proposing the creation of a new nonprofit development corporation that would help jumpstart a stalled Hudson River rail tunnel between New York City and New Jersey.

James Ferrara will become interim president of New York City Transit when current chief Carmen Bianco retires, MTA chief Thomas Prendergast announced.

Long Island, N.Y., governments will benefit from a New York state appellate court decision to allow a lawsuit to prevent the Long Island Power Authority from challenging the assessment on its Northport, N.Y. power plant, according to Moody's Investors Service.

Public finance veteran Richard Ravitch said part of the solution to New York's mass transit funding problem would be to "elect better politicians."

Transparent carrot-and-stick bond rating criteria for issuers could help advance projects to boost resilience from climate change and weather, advocates say.