New York

New York City officials announced changes to the four-year capital commitment plan to accelerate work on more than $1 billion of critical infrastructure projects.

Westchester County is expected to sell $76 million of general obligation bonds in competitive sale on Wednesday to help finance the costs of various capital improvements.

New York's Metropolitan Transportation Authority Chairman Joseph Lhota announced four options for fare and toll increases that he says are needed to help fill a budget gap.

New York State's business tax climate ranks last in the nation according to think-tank the Tax Foundation. New Jersey is second-worst.

The Metropolitan Transportation Authority is selling New York City bus and subway transit MetroCards with front-facing ads for the first time.

In an annual report on the state's finances, New York Comptroller Thomas DiNapoli finds that spending since 2008 has increased by 15%.

The Citizens Budget Commission watchdog group, calling the financing arrangements of New York's MTA "volatile and insufficient," proposes an alternative that it said would curb deficits.

Uncertainty continues to hover over the securities industry in New York City, state Comptroller Thomas DiNapoli said in his annual Wall Street report.

The Dormitory Authority of the State of New York is expected to sell $887 million of personal income tax revenue bonds on Thursday.

New York City's Municipal Water Finance Authority is scheduled to price $200 million of second resolution, adjustable rate tax-exempt bonds through negotiation.

New York's MTA has strengthened its financial condition over the past two years, but still faces continued challenges, said state Comptroller Thomas DiNapoli.

On Wednesday the Nassau County Interim Finance Authority is expected to sell $313 million of triple-A rated sales tax secured bonds and the Nassau County Local Economic Assistance Corporation is scheduled to sell $132 million of revenue bonds.

Wells Fargo has hired two industry veterans for its New York City public finance leadership team. The firm hired Sally Bednar as a managing director, head of Higher Education and co-head of the Education and Nonprofit group. It also hired Rick Molke as a managing director and co-head of the Energy and Corporate group.

The Dormitory Authority of the State of New York is expected to sell about $450 million of mostly refunding bonds this week, starting with $372 million of school district bonds on Tuesday.

Long Beach's approved property tax increase that will raise $1.9 million annually toward narrowing the city's deficit is a credit positive, Moody's Investors Service said.

A labor coalition wants New York's MTA to renegotiate or cancel interest-rate swaps on bond deals, while the agency says it still saves money on them.

The Federal Highway Administration approved New York's plan for a new span to replace the current Tappan Zee bridge.

The Port Authority of New York and New Jersey sold $2 billion of taxable bonds on Thursday — a day ahead of schedule, due to strong demand.

Goldman, Sachs & Co. agreed to pay $14.5 million to settle charges that a former vice president engaged in pay to play when working for the firm.

New York City announced plans to build the world's biggest ferris wheel and a designer outlet complex next to the ferry terminal on Staten Island.