New York

New York State tax collections in the first quarter of the fiscal year were 7.7% ahead of projections.

Moody's Investors Service enhanced the ratings of 98 New York school districts to Aa3 from A1 with stable outlooks, following rating upgrades for the state's general obligation bonds.

Rockland County, N.Y. county executive Ed Day hailed Moody's Investor’s Service upgrade of his county's general obligation bonds to Baa2 from Baa3.

New York City projects a balanced budget and manageable out-year budget gaps under current economic conditions, State Comptroller Thomas DiNapoli told the Financial Control Board.

Projected higher tax revenues and pension savings may narrow New York City's outyear budget gaps, according to city Comptroller Scott Stringer.

New York's MTA proposed a $14.2 billion fiscal 2015 budget and four-year financial plan that assumes an average annual increase of $260 million to labor costs stemming from two settlements.

The finance committee of New York's MTA approved a motion to issue special obligation taxable refunding bonds that would fully pay defeased bonds at their early redemption rate and could save the authority $32 million.

New York City’s five public employee pension funds returned 17.4% for fiscal 2014 to bring their total value to a record-high $160.5 billion, Comptroller Scott Stringer said.

The Port Authority of New York and New Jersey board of commissioners has elected John Degnan as its new chairman.

New York's Metropolitan Transportation Authority's capital funding gap may exceed $12 billion, according to a report by state Comptroller Thomas DiNapoli.

Slow sales tax revenue growth for New York counties is a credit negative for the counties, Moody's Investors Service said.

AlliedBarton agreed to pay more than $1.3 million to cover a prevailing-wage discrepancy, New York City Comptroller Scott Stringer said.

Sonia Toledo of Wells Fargo Securities was elected president of the Municipal Forum of New York, heading an all-female slate of officers.

Stern Brothers & Co., which advised on a recent $500 million MTA bond sale, hired former New York City Councilman David Weprin and added Neal Oldendorp in New Jerey.

A special commission brainstormed about the long-term prospects for New York's Metropolitan Transportation Authority, one of the largest municipal issuers. The authority is in need of modern thinking about how to finance and provide its services, many members said.

The Amsterdam at Harborside plans to file for bankruptcy tonight or tomorrow, the conclusion of over a year of restructuring negotiations with bondholders. The plan does not forgive any debt, but does feature a senior and subordinate exchange offer.

The Amsterdam at Harborside bond trustee accidentally posted the retirement community's restructuring plan to EMMA this morning, only to promptly remove it and replace it with a blank PDF.

Shortly after the sighs of relief that followed the Long Island Railroad labor contract announcement, skeptics questioned how it will be paid for without fare hikes or cutting into Metropolitan Transportation Authority capital funding.

New York Gov. Andrew Cuomo and negotiators announced a deal to avert a Long Island Rail Road strike that loomed three days away.

An audit by New York City Comptroller Scott Stringer lambastes the Department of Homeless Services for its handling of post -Sandy emergencies.