New York

Long Island's Suffolk County struck an agreement with New York State to not expand its correctional facility this year resulting in long-term savings for the local government.

With no solution in sight for fully funding New York MTA's capital program, the Citizens Budget commission watchdog group presents a funding alternative.

Raising money primarily from motor vehicle user fees could close the capital plan funding gap of New York’s MTA, according to the Citizens Budget Commission watchdog group.

The Nassau County Interim Finance Authority has approved $100 million in new bonds for dozens of public works projects aimed at improving aging infrastructure.

The board of New York's MTA will vote on the sale of nearly $56 million in unused development rights in Queens after its finance committee approved it.

New York's Metropolitan Transportation Authority intends to award a four-year, $236.5 million contract to rebuild the Queens Midtown Tunnel, which Hurricane Sandy heavily damaged.

The use of 40-year bonds to retire $300 million of bond anticipation notes received favorable reaction in the capital markets, said the finance director of New York's MTA.

The long hours and commutes New Yorkers endure underscore the need for adequate transit funding, said New York City Comptroller Scott Stringer.

The New York City Municipal Water Finance Authority intends to sell about $475 million of refunding bonds on March 31 after a one-day retail period.

A proposal to hike New York State's minimum wage would create a $3.4 economic boost across the Empire State, Gov. Andrew Cuomo outlined in a report released on March 16.

Long Island's Nassau County is planning to construct a new practice facility and corporate offices for the New York Islanders hockey team.

The New York City securities industry was a large contributor for 2014 tax revenues in the Big Apple and Empire State, according to a March 11 report released by State Comptroller Thomas DiNapoli.

Long Island's Suffolk County has achieved debt service savings of $6 million from recently-issued 2015 refunding bonds.

Kroll Bond Rating Agency assigned its AA-plus rating to New York state general obligation bonds in its first ever rating of the Empire State.

New York's City Council is considering a bill to relax restrictions on European-style youth hostels and, say its backers, generate tax revenue and economic activity.

Independent Budget Office estimates of New York City's surpluses over five years exceed those of Mayor Bill de Blasio, said director Ronnie Lowenstein.

Large financial firms can expect continued scrutiny for risk management, internal controls and governance, Federal Reserve chair Janet Yellen said in New York.

New York City plans to price $1 billion of general obligation bonds this month, including an $800 million refunding.

A reduced capital plan for 2015 to 2019 could affect expansion projects such as the Second Avenue subway line, New York MTA chairman Thomas Prendergast told lawmakers in Albany.

A rise in claims from playground injuries has cost New York City taxpayers more than $20 million, said city Comptroller Scott Stringer.