New York

New York City has totaled $154.1 million in overtime costs related to Hurricane Sandy from Oct. 29 to Dec. 24, the Independent Budget Office reported.

Congress added a provision into fiscal-cliff legislation that extends the issuance of tax-exempt New York liberty bonds, authorized after the Sept. 11 attacks.

The Suffolk County Water Authority of New York State plans to sell $100 million in highly-rated bond anticipation notes on Wednesday.

Comptroller Thomas DiNapoli plans to implement a fiscal monitoring system for New York State's localities and schools that will calculate and publicize an overall score of fiscal stress.

Adrian Scott-Jones, a government witness who perjured himself at a federal courtroom in April, received 18 months for his role in the muni bond bid-rigging case.

New York City Comptroller John Liu named Maria Tavares deputy comptroller for accountancy. She is a 15-year veteran of the comptroller's office.

The underwriter groups New York City and its financing authorities chose last week included a high number of minority- and women-owned business enterprises.

Assemblywoman Amy Paulin, D-Scarsdale, has filed a bill in the New York State Assembly to try out open bidding for local municipal bonds.

New York State tax collections through November were 1.7% below initial estimates in April, state Comptroller Thomas DiNapoli said.

New York State Comptroller Thomas DiNapoli is projecting a shortfall of up to $89 billion for infrastructure funding in the next 20 years.

Huge challenges remain for New York City as uncertainty hovers over labor settlements and the lingering costs of Sandy, said the city's Independent Budget Office.

Women in Public Finance will honor three professionals next month in Chicago at the national organization's 7th annual founders' awards.

Standard & Poor's lowered its rating on $700 million of Queens Ballpark bonds, used to build the New York Mets' Citi Field, one notch to BB partly because of concerns the team will continue to lose.

New York City and two of its financing authorities have announced the selection of underwriting syndicates, following a request-for-proposals process.

Joe Lhota's departure as New York MTA chairman creates uncertainty at one of the largest issuers in the municipal marketplace as it confronts problems that include high turnover in its top job.

New York City Comptroller John Liu called for an end to property-tax breaks and other concessions to large corporations, including Madison Square Garden.

Joseph Lhota announced his resignation as Metropolitan Transportation Authority chairman and said he would consider running for New York City mayor.

Holders of bankrupt American Airlines' New York City airport debt are weighing a settlement offer that would pave the way for the carrier to assume its lease at John F. Kennedy International Airport.

New York State government must change its financial practices, the Richard Ravitch and Paul Volcker state budget task force said.

The finance committee of New York's MTA approved the borrowing of up to $2.5 billion in long-term bonds to cover Hurricane Sandy-related repair costs.