New York

New York's state and local governments are facing a combined total of $250 billion of unfunded post-retirement health care coverage for public workers.

The Rockland County Legislature approved the sale of $30 million of revenue anticipation notes to fund the county's cash flow needs, scheduled for later this month.

The Hunts Point Terminal Market received a $25 million federal grant, with New York officials hoping the latest move will help keep it in the South Bronx.

The Authorities Budget Office of New York is recommending that Saratoga County's three water authorities should be replaced by a single authority.

Moody's called a court ruling invalidating the New York MTA's payroll mobility tax a credit negative, while Standard & Poor's is maintaining its credit rating.

Standard & Poor's has raised its rating on the Saratoga County Industrial Development Agency's bonds issued for Saratoga Hospital in New York to A-minus from BBB-plus.

New York's Metropolitan Transportation Authority needs "net-zero" settlements with its labor union and to implement fare and toll increases to keep budget gaps from resurfacing and rising, Fitch Ratings said.

Bronx Borough President Ruben Diaz Jr. endorsed a proposal to build a hockey and figure-skating center at the site of the old Kingsbridge Armory.

New York's Metropolitan Transportation Authority plans to appeal a court ruling that negated its payroll mobility tax and could cost it $1.2 billion.

The state Supreme Court's invalidation of New York City's law expanding yellow cab service to all boroughs could create a $1.4 billion budget gap.

New York Gov. Andrew Cuomo has signed two bills that will eliminate more than 120 of the state's public authorities that no longer serve the public interest.

New York State tax revenues for July were slightly above expected projections, but remain highly variable, according to Comptroller Thomas DiNapoli.

The Nassau County Interim Finance Authority's director, Robert Wild, has resigned.

Standard & Poor's upgraded to AA from AA-minus the general obligation bond rating of Westbury Village, N.Y.

In a letter to the New York State Thruway Authority, Gov. Andrew Cuomo requested a task force to explore ways to reduce toll increases

Municipal bond issuance increased throughout the Northeast in the first half of 2012, up 63% from the same period last year, spurred by a surge of debt volume from New York State.

The New York State Thruway Authority is expected to sell $480 million of personal income tax bonds to finance highway and bridge projects on Tuesday, after pricing for retail on Monday.

Casino operators, Native American and commercial alike, are scrapping for market share. Competition is keener, discretionary dollars are fewer in a still-down economy and several states are scrambling to snare or preserve gambling revenue.

Gov. Andrew Cuomo announced that the New York State Department of Transportation has awarded a $29.3 million contract through the NY Works program for repairs to 13 bridges.

After a recent report showed fiscal stress among New York's local governments, Comptroller Thomas DiNapoli is looking at possible solutions to the problem, including a super control board.