New York

The county executive for what many consider to be the most fiscally-stressed government in New York, Rockland County, is proposing a budget with at 16.7% deficit.

The New York City Transitional Finance Authority sold $1.1 billion future tax secured fixed-rate subordinate bonds, a spokesman for city comptroller John Liu said.

New York Comptroller Thomas DiNapoli predicted that the New York City securities industry will make 37% less profits than last year, with repercussions for professionals and tax revenues.

A newly announced nanotechnology center for a suburb of Utica, N.Y. is credit positive for the Mohawk Valley region, Moody's Investors Service said.

Las Vegas-style casinos would provide New York state's economy a badly needed boost, two upstate lawmakers said ahead of a looming referendum.

Standard & Poor’s on Oct. 17 raised its rating on New York City’s fiscal 2006 subseries H-1 and H-2 variable-rate demand bonds to AA/A-1 from BBB/A-2.

The New York City Industrial Development Agency approved a $328 million tax exemption for Related Cos. for its Hudson Yards development on Manhattan's West Side.

The New York City Transitional Finance Authority will kick off $1.2 billion of new money bond sales with a $650 million issuance on Oct. 23.

Standard & Poor's revised its outlook on Brooklyn Law School bonds to negative, and warned that law school enrollment could continue to decline nationwide.

Transit historian Peter Derrick says that whatever the cost, unifying New York City's regional commuter rail systems would pay economic dividends.

Nassau County, N.Y. overseer George Marlin of the Nassau Interim Finance Authority criticized the county government's proposed financial plan.

Moody's Investors Service downgraded Yeshiva University to Baa2 from Baa1.

Republican John Burnett exchanged barbs with Democrat Scott Stringer in a televised debate in the open race for New York City comptroller.

Lawrence Schloss, deputy comptroller for pensions and chief investment officer of the New York City pension funds, will step down on Oct. 18, city Comptroller John Liu announced.

On Thursday the trustees of the Long Island Power Authority unanimously approved shifting operating control of the authority to PSEG from National Grid.

Republican John Burnett proudly tells his projects-to-Wall Street story as he runs for New York City comptroller, an office that oversees city bond deals and pension funds.

The next phase of the Hudson Yards project in New York could come with increasing costs to the city, according to the Independent Budget Office watchdog agency.

Moody's Investors Service revised its outlook on its A2 rating for Mount Sinai Hospital to negative from stable, reflecting "meaningful financial and integration risks" regarding its merger with Continuum Health Partners.

New York's MTA approved a credit for weekly and monthly customers of Metro-North Railroad's New Haven line, whose service has been disrupted since a ConEd feeder cable failed.