New York

New York City's budget is balanced for the current fiscal year, but dark shadows hover, according to an analysis by state Comptroller Thomas DiNapoli.

New York's Metropolitan Transportation Authority should increase its base fare to $2.50 from $2.25 among other changes, Chairman Joseph Lhota told the board.

New York City's sale of $1 billion of tax-exempt refunding general obligation bonds on Tuesday represented an increase of 18% from the expected $850 million par amount.

New York State government plans to sell at least $1.44 billion in bonds by the start of April.

An unexpectedly low bid for building a replacement Tappan Zee bridge in New York reduces financial pressure on the New York Thruway Authority, an analyst says.

Standard & Poor’s on Thursday revised its outlook on the Long Island Power Authority to negative from stable and affirmed the A-minus rating on its $6.6 billion of bonds outstanding.

Standard & Poor’s has raised its long-term rating on the village of Nyack, N.Y.’s general obligation debt to A from A-minus. The outlook is stable.

The Port Authority of New York and New Jersey sold $595 million of consolidated bonds in two competitive offerings on Wednesday.

The New York City Municipal Water Finance Authority priced $441 million of second resolution, fixed-rate tax-exempt new-money bonds Wednesday.

New York City and private real estate officials broke ground Tuesday on a 26-acre development at Hudson Yards, once the single largest piece of undeveloped property in Manhattan.

With a new financial team and a brighter outlook, the city of Yonkers will come to market for the first time in a year with $105 million of general obligation and school bonds on Tuesday.

Joining the bridge and tunnel crowd, Kroll rated about $900 million worth of bonds that New York's Triborough Bridge and Tunnel Authority intends to sell.

Mayor Michael Bloomberg's plans for New York City after Hurricane Sandy won't include seawalls, but levees, jetties, berms and dunes could be in the works.

Speaking in Washington before a Senate panel, Joseph Lhota, chairman of New York's MTA, urged federal help for his hurricane-battered transit system.

New Yorkers could face an extra $43 billion in taxes if Congress fails to act on the fiscal cliff, according to Comptroller Thomas DiNapoli.

Nassau County is planning to sell $260 million of tax anticipation notes for cash flow purposes on Thursday. A portion of the proceeds will go toward financing storm-related costs.

The Dormitory Authority of the State of New York's board on Wednesday approved $175 million of new financings for healthcare, higher education, and non-profit institutions.

The need for New York's MTA to borrow up to $4.8 billion using short-term recovery notes for Hurricane Sandy costs is a credit negative, according to Moody's.

The Port Authority of New York and New Jersey is scheduled to sell $595 million of consolidated bonds in two series on Wednesday. Proceeds will finance capital expenditures for the authority's tunnels, bridges, and PATH train.

Metropolitan Transportation Authority Chairman Joseph Lhota deflected speculation about his viability as a mayoral candidate after leading the MTA through Hurricane Sandy.