New York

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.

Seasonal borrowing for fiscal 2015 will not be necessary, thereby saving New York City $75 million in debt- service costs, Comptroller Scott Stringer said.

Health-care cost savings in contracts between New York City and its municipal labor unions should be recurring and "bend the cost curve" by making the system operate more efficiently, said Carol Kellermann, president of the Citizens Budget Commission watchdog organization.

Infrastructure in New York City and around the Northeast is crumbling. How to pay to fix it is a question without easy answers.

Fitch's AA rating of New York City's general obligation bonds reflects the city's effective management, said a spokesman for Mayor Bill de Blasio's budget office.

The Suffolk County, N.Y. legislature is taking steps to both increase and decrease the county's borrowing.

Stronger than expected tax revenue has narrowed outyear budget gaps for New York City, said city Comptroller Scott Stringer.

HUD's post-Sandy program awarded combined $540 million for a 10-mile berm along Manhattan's Lower East Side, a living breakwater along Staten Island's shore and protection for the Hunts Point food market and Long Island waterways.

The Federal Transit Administration awarded about $167 million to the Port Authority of New York and New Jersey and $67 million to New Jersey Transit to help both agencies continue rebuilding and replacing after Hurricane Sandy.

Comptroller Scott Stringer named 27-year TIAA-CREF veteran Scott Evans chief investment officer for the $150 billion New York City pension funds.

The Port Authority of New York and New Jersey is negotiating a deal with developer Larry Silverstein to cut the transportation infrastructure operator's risk and increase its potential gain from the construction of Three World Trade Center.

New York City's economic growth outpaced the nation in the first quarter of 2014, said Comptroller Scott Stringer.

New York City plans to price $850 million of tax-exempt, fixed-rate refunding bonds on June 11 after a two-day retail order period.

A de Blasio administration official disputed a Barclays report that called New York City's agreement with the United Federation of Teachers a credit negative.

Robert Lurie, in what he called 'a welcome return to the bond market,' was named executive vice president and CFO of the New York Power Authority.

The risk of a Long Island Rail Road strike hovers over officials at New York's MTA, even as board members approved a five-year deal with its subway workers.

How utilities pay for damage related to Hurricane Sandy affects credit quality, Standard & Poor's said in a report.

The State University of New York is starting to shut down its money-losing Long Island College Hospital.