New York

New York City will end the fiscal year with a surplus of just over $3 billion, the Independent Budget Office said, nearly matching Mayor Bill de Blasio’s projections.

A proposed three-year $221 million rate hike by the Long Island Power Authority and PSEG Long Island should be slashed by two-thirds, according to the New York Department of Public Service.

The Dormitory Authority of the State of New York has approved more than $3.22 billion in new financing for educational and healthcare institutions.

An overhaul of the private activity bond allocation process would benefit New York City's 10-year affordable housing initiative, a policy analyst said.

Against a backdrop of urgency and uncertainty, transportation advocates are offering alternative revenue streams for New York's MTA.

New York State saw an $11.4 billion increase in revenue collections for the 2015 fiscal year due mainly to one-time financial settlements and a boost in federal aid, according to a report released on May 12 by Comptroller Thomas DiNapoli.

The New York City Municipal Water Finance Authority intends to sell $435 million of second resolution, fixed-rate tax-exempt refunding bonds on May 19.

A transit expert says a marijuana tax, should New York State legalize it, could help MTA close its capital funding gap.

New York Mayor Bill de Blasio's executive budget reflects a sound city economy, analysts said after he unveiled his proposed $78.3 billion spending plan for fiscal 2016.

New York Mayor Bill de Blasio proposed a $78.3 billion budget for fiscal 2016, balancing themes of income equality and fiscal health.

New York City’s economy avoided the first-quarter stall that has the national economy in four of the past six years, said Comptroller Scott Stringer.

A New York City Council panel approved zoning changes necessary to advance a 67-story office tower development with enhanced access to Grand Central.

MTA Chief Thomas Prendergast wants New York City to contribute $300 million to the agency’s capital plan and $1 billion further for the Second Avenue line.

The chairman of the Metropolitan Transportation Authority wants New York City to ramp up its contribution to the transit agency.

The New York City Pension Funds have taken steps to formally consider diversity in manager evaluation and selection, Comptroller Scott Stringer said.

New York’s MTA board approved a ban on political advertising after some contentious debate and an adverse ruling in federal court.

New York's adopted fiscal 2016 budget contains borrowing provisions that raise concerns about oversight, transparency and accountability, according to a new report released by State Comptroller Thomas DiNapoli.

Variable rate debt represents 8% of the bond portfolio of New York's Metropolitan Transportation Authority — well below its 25% threshold, said finance manager Patrick McCoy.

A $967 million federal loan for commuter rail safety technology represents "a very favorable position for the MTA," said finance manager Patrick McCoy.

New York’s MTA may have to raise fares by as much as 15% if its proposed capital plan falls short, according to chief financial officer Robert Foran.