New York

New York's MTA intends to pitch the city, state and federal government and corporate leaders to help cover its $15.2 billion capital program gap. Otherwise, it will have to borrow more.

New York City Comptroller Scott Stringer has called for the city to issue environmental, or green bonds, as part of its debt package over four years.

New York's MTA will propose a four-year capital plan that assumes a $15.2 billion funding gap, according to authority documents.

New York's MTA intends to remarket $148 million of Triborough Bridge and Tunnel Authority subordinate revenue variable rate bonds in October, an official told the finance committee.

Standard & Poor's raises its long-term and underlying ratings to AA-plus on New York City Housing Development Corp. bonds known as the open resolution.

While New York's MTA is about to propose its four-year capital plan, such plans in the future could reflect vastly changing demographic patterns.

The chief financial officer of the Long Island Power Authority, responding to a Bond Buyer article, says the authority's upcoming financings involve refinancing debt for purposes that don't count as operating expenses under generally accepted accounting principles.

The Port Authority of New York and New Jersey passed a resolution authorizing $320 million for the improvement of its Greenville Yard water port in Jersey City, N.J.

The New York City Municipal Water Finance Authority upsized its sale of second resolution, fixed-rate, tax-exempt refunding bonds to $300 million.

The United States Environmental Protection Agency rejected most of New York's $511 million loan request for the new Tappan Zee Bridge.

Former Metro-North Railroad president Howard Permut is joining Regional Plan Association as a senior fellow.

Port Authority of New York and New Jersey staff are proposing that it spend $320 million for the redevelopment of the Greenville Yard Marine Terminal in Jersey City.

Standard & Poor's raised Erie County, N.Y.'s general obligation rating to AA-minus from A-minus on strong budgetary performance.

New York City's three library systems have at least $1.1 billion in capital needs with 59 branches requiring $5 million or more in maintenance, said a report.

Despite a significant restructuring of operations and finances in the wake of its poor performance after Hurricane Sandy, the Long Island Power Authority's debt load is rising.

The Queens Library board agreed to cooperate with New York City Comptroller Scott Stringer's audit and placed embattled CEO Thomas Galante on leave.

The New York State Environmental Facilities Corp. approved $370 million in loans for wastewater improvements in New York City.

Local government spending in New York State on roads, bridges, and water and sewer systems declined by approximately 8% to 2012 from 2010.

In Rhode Island, state Treasurer Gina Raimondo and Cranston Mayor Allan Fung will face off for governor after winning primaries on a day that also featured primaries in Massachusetts and New York.

Pension obligations are no different than borrowing obligations, public finance expert Richard Ravitch told a group of investors in New York.