New York

New York City closed its $2 billion budget gap, Mayor Michael Bloomberg said Thursday afternoon in releasing his final quarterly budget.

Moody's Investors Service downgraded Westchester County, N.Y. to Aa1 from Aaa on Wednesday, affecting $1 billion in debt.

A New York State commission recently recommended a major revision to the state's taxes.

The improved forecast New York Metropolitan Transportation Authority revealed in its November financial plan is a credit positive, according to Moody's.

New York's MTA will receive $30.5 million for its capital program through the sale of Bronx property for a retail complex and possibly senior housing.

Bill de Blasio's budget proposal about a month into his tenure could provide a window to investors anxious to see how New York's new mayor will handle finances.

The Port Authority of New York and New Jersey is advancing a major renovation of LaGuardia Airport that may lead to $1.1 billion in bonds being sold.

The New York City Municipal Water Finance Authority sold $397 million of second resolution, fixed-rate, tax-exempt new money bonds on Tuesday.

New York's MTA intends to cut nearly in half the size of its planned fare and toll increases for 2015 and 2017, chief financial officer Robert Foran said.

Moody's Investors Service downgraded Dutchess County, N.Y. general obligation rating to Aa2 from Aa1 on Nov. 8, affecting $108 million in debt.

Moody's Investors Service has downgraded the New York Thruway Authority's senior lien bonds to A2 from A1.

The Port Authority of New York and New Jersey reached a financial closing on a $1.5 billion P3 to replace the Goethals Bridge with a cable stayed design bridge.

The New York City Municipal Water Finance Authority intends to sell $375 million of new money bonds on Wednesday, after a one-day retail order period.

The State University of New York promised to restore ambulance service to Brooklyn's Long Island College Hospital on Friday after opponents of the facility's closure threatened legal action, arguing the cancellation violated a Sept. 4 court order.

The Suffolk County, N.Y. legislature approved a budget for 2014 that includes tax anticipation notes equal to 14.3% of 2014 expenditures.

Texas voters approved a $2 billion water bond program Tuesday in the largest of many bond related issues voters decided in the off-year.

As Bill de Blasio prepares to become New York City's next mayor, the first Democrat in two decades, bond markets are taking a wait-and-see approach toward a city rife with fiscal uncertainty.

The New York City Council approved plans for a 630-foot observation wheel and outlet mall adjacent to the Staten Island ferry terminal.

Fitch Ratings lowered the outlook on Monroe County's general obligation bonds' A-minus rating to negative from stable on Wednesday.

Standard & Poor’s dropped the New York State Thruway Authority general revenue bonds to A from A-plus Tuesday.