New York

SUNY Downstate Medical Center in Brooklyn faces insolvency as soon as May, said New York Comptroller Thomas DiNapoli.

New York public health system Nassau Health Care Corp. captured an interest rate of 0.4% and saw broad investor interest Tuesday when it sold $40 million of insured revenue anticipation notes backed by future Medicaid payments.

On Wednesday the Dormitory Authority of the State of New York approved a $155 million bond for Pace University.

The House late Tuesday approved more than $50 billion of aid for victims of Superstorm Sandy, which ravaged parts of New Jersey, New York, Connecticut and other states.

New York comptroller Thomas DiNapoli has said that his state's high debt burden "could jeopardize critical infrastructure projects and other capital needs."

Standard & Poor’s revised its outlook to positive from stable on the New York State Power Authority on Jan. 4.

Moody’s Investors Service downgraded Niagara Falls, N.Y.’s general obligation rating two notches to Baa1 from A2 and kept the city on review for a further downgrade.

New York's Metropolitan Transportation Authority plans a $500 million sale of Series 2013A transportation bonds for Wednesday, after a one-day retail period.

In a wide-ranging State of the State speech Wednesday, New York Governor Andrew Cuomo announced a new organization to aid stressed localities and programs affecting the state government’s finances.

The impact of Hurricane Sandy on the New York City public hospital system will exceed $800 million, according to Health and Hospitals President Alan Aviles.

A New York State commission's proposal to privatize the Long Island Power Authority would require the immediate redemption of the authority's $6.9 billion in short-term notes and long-term bonds, some analysts are saying.

New York's Metropolitan Transportation Authority will price $805 million of Triborough Bridge and Tunnel Authority refunding bonds, starting with Wednesday's retail period.

The impacts of property tax caps in the Eastern U.S. states are mixed, ranging from minimal to restrictive, according to a recent report from Standard & Poor's.

New York State localities' unreserved fund balances are less than half recommended levels, the Office of the New York State Comptroller has reported.

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.