New York

While Puerto Rico faces fiscal problems that are similar to those of 1970s New York, it's important to note the differences between the two economies as the island commonwealth seeks a solution.

A $5 million budgetary surplus and better transparency marks New York City's comprehensive annual financial report, said Comptroller Scott Stringer.

The $2 billion New York state school bond measure on Tuesday's ballot at the instigation of Gov. Andrew Cuomo is arriving before voters without much fanfare amid skepticism from some quarters.

Jay Walder, a former chairman and chief executive of New York's Metropolitan Transportation Authority, was named chief executive of Alta Bicycle Share, which operates New York City's Citi Bike bicycle sharing program.

New York's Metropolitan Transportation Authority will look to keep biennial fare increases to the 4% inflation rate, said chairman Thomas Prendergast.

Key players will discuss the design and construction of the $1.4 billion Fulton Center megaproject in Brooklyn, N.Y., on Oct. 29.

Ineffective safety management was common to five Metro-North Railroad accidents over 11 months, including a train collision last December that killed four persons.

Floating-rate notes enable New York's MTA to take advantage of the short part of the yield curve, finance director Patrick McCoy said.

New York City's Transitional Finance Authority plans to sell $850 million of future tax-secured subordinate bonds.

The decision by the State University of New York to expand an online learning platform to grow total system enrollment is a credit positive, Moody's said.

As New York MTA scurries to fund its capital plan, transit advocates debate whether governance is a funding and planning impediment.

Fully funding its next four-year capital program without burdening riders poses an immediate challenge for New York's MTA, according to state Comptroller Thomas DiNapoli.

William Ronan, the first chairman of New York's Metropolitan Transportation Authority, died at age 101.

Experts say that the $1.63 billion in New York Liberty Development Corp. tax-exempt bonds for 3 World Trade Center expected in late October will have unusual but not necessarily worrisome features.

A parkland project is proposed for New York City's Queens borough that would involve converting 3.5 miles of abandoned elevated railroad track.

Metro-North Railroad completed construction of a $5.7 million bridge in New Hamburg, N.Y.

Raising the state gas tax and tolling East River and other bridges could help New York's MTA fill a gap of at least $15.2 billion, said former chairman Richard Ravitch.

Former New York Lieutenant Gov. Richard Ravitch will speak at the New York Transit Museum in downtown Brooklyn. N.Y., on Oct. 9.

The New York Liberty Development Corp. board Monday approved selling $1.78 billion in mostly tax-exempt bonds to complete 3 World Trade Center.

The $15 billion gap in New York MTA's proposed four-year capital plan, recently vetoed by a state review board, has cast a pall over the transit agency's plans.