New York

New York's Metropolitan Transportation and a consortium of eight Long island Rail Road unions are scheduled to meet before the National Mediation Board.

Formalizing an agreement brokered last week with Mayor Bill de Blasio, the New York City Council approved a $75 billion municipal budget for fiscal 2015.

New York's MTA would draw down an additional $40 million annually in pay-as-you-go funding under its offer to LIRR unions, chairman Thomas Prendergast said.

Former U.S. Transportation Secretary Ray LaHood and former FAA chief Jane Garvey will chair an advisory commission that will study the challenges of New York's MTA.

New York's MTA revised its offer to the Long Island Rail Road workers in an attempt to avoid a strike, offering 17% pay increases over seven years, including a retroactive period

An upgrade from S&P helped generate $396 million worth of transportation revenue bond retail orders, according to New York's Metropolitan Transportation Authority.

New York's MTA is weighing a proposal for a 16,000-square foot eatery at Grand Central Terminal's Vanderbilt Hall, operated by restaurateur Claus Meyer.

New York City Transportation Commissioner Polly Trottenberg and Neal Zuckerman of the Metro-North Railroad Commuter Council will join the board of New York's MTA.

New York City Mayor Bill de Blasio and the City Council agreed on a $75 billion budget proposal, up 7% from last year.

Standard & Poor's raised its various ratings on New York's MTA, including an elevation of its transportation revenue bonds to AA-minus from A-plus.

The New York City Municipal Water Finance Authority intends to sell roughly $200 million of second resolution, fixed-rate tax-exempt bonds on June 25

Nixon Peabody hired Vincent Casey from Orrick, Herrington & Sutcliffe as part of a buildout in project finance and public-private partnerships.

Moody's Investors Service upgraded New York's general obligation and personal income tax bond ratings to Aa1 from Aa2 Monday, citing improved governance and finances.

The Securities and Exchange Commission's investigation of the Port Authority of New York and New Jersey must determine if investors needed to know about $1.8 billion of controversial spending, securities law experts said. Others said any SEC enforcement action would not be a fix for the authority's problems.

As state and local governments make efforts to prepare for climate change, credit analysts are watching closely to see how impacts from weather-related events might affect credit quality.

The New York City Housing Development Corp.'s board approved $373 million in bonds to price next week for affordable housing as part of a $607 million debt package.

New York City faces challenges beyond its recent labor agreement with the United Federation of Teachers, state Comptroller Thomas DiNapoli said.

CUNY's journalism grad school is launching a five-year effort to improve state and local fiscal reporting, thanks to a major gift from New York civic leader Richard Ravitch.

Connecticut and New York's MTA will jointly pursue $349 million in federal resiliency funds to replace the 118-year-old Walk Bridge in Norwalk, Gov. Dannel Malloy said.

The trustees of all five New York City pension funds have voted to ban placement agents across all investment classes, Comptroller Scott Stringer announced.