New York

The New York City Municipal Water Finance Authority sold $548 million refunding bonds, an increase of $68 million from the expected $480 million.

The prospect of a state budget that would divert $40 million of transit operating funds for debt service doesn't faze the New York MTA Chairman Thomas Prendergast.

Fitch Ratings raised its outlook on Suffolk County, N.Y.'s bonds and notes to stable from negative on Tuesday.

New York's State Department of Health is this year's winner of the Citizens Budget Commission prize of public service innovation.

Support for 'Gridlock Sam' Schwartz's latest plan to ease New York congestion and toll inequity ranged from a motor truck association to the Straphangers Campaign.

The Harlem building collapse has added a big exclamation point to talk about the need for New York to address its aging infrastructure.

Financial information for 500 New York State public authorities has been posted at the Open Book New York web site.

New York City Comptroller Scott Stringer rejected a $30 million contract to outsource selection and oversight of all IT contractors to Computer Aid of Allentown, Pa.

The scandal over a traffic jam on the George Washington Bridge not only damaged Gov. Chris Christie's presidential prospects, it spotlighted the politicization of the Port Authority of New York and New Jersey, a major municipal bond issuer.

Moody's Investors Service said that a recent ruling on Nassau County, N.Y. wage freeze was a credit positive for the county.

According to the Independent Budget Office, New York City will continue to provide a larger share of the education department's budget than the state.

The New York City watchdog organization Citizens Budget Commission will honor U.S. Treasury Secretary Jack Lew at its annual dinner in Manhattan.

The New York City Municipal Water Finance Authority intends to sell $480 million of refunding bonds on March 25 after a one-day retail period.

New York MTA's Metro-North Railroad overemphasized on-time performance at the expense of rider safety, according to a blistering report by the Federal Railroad Administration.

Federal Judge Kimba Wood, who imposed $5.6 million in fines and restitution on municipal bond bid-rigger David Rubin, called prison unwarranted for the founder of CDR Financial Products.

Moody's downgraded Onondaga County, N.Y. to Aa2 from Aa1.

A federal judge sentenced CDR Financial Products Inc. founder David Rubin to two years' probation and ordered him to pay a combined $5.65 million in fines and restitution for his role in rigging bids for municipal bond contracts.

Spending hikes in New York City's proposed $12.8 billion five-year school; capital plan hinge on a statewide bond referendum, the Independent Budget Office said.

The potential cost of labor negotiations casts a shadow of uncertainty on New York City finances, said a report by state Comptroller Thomas DiNapoli.

New York City's crumbling infrastructure, if left unchecked, could "wreak havoc" on its economy, said a report that called for a $47 billion investment merely for repair and replacement.