New York

New York's comptroller Thomas DiNapoli released a report that showed the state's overall tax collections are higher than projected, but the strength was limited to the month of April.

Conduit bond issuer Build NYC Resource Corp. has approved $75.6 million of tax-exempt financing to assist four New York City nonprofits.

County Executive Edward Mangano announced $45 million in spending cuts, including slashing 200 jobs, that will eliminate Nassau County's deficit and balance its budget.

Thomas DiNapoli praised the city closing budget gaps, but warned about rising debt and dwindling reserves.

Its finance manager is examining how the alleged London interbank offering rate scandal has affected the transit authority's investments.

New York State Comptroller Thomas DiNapoli's office has begun an independent financial review of the financially troubled State University of New York Downstate Medical Center and its affiliates.

Long Island, N.Y.'s Suffolk County has reduced its estimated deficit to $300 million from $530 million, according to county officials.

Long Beach, N.Y., could issue a request for proposals by fall to operate its 38-year-old Long Beach Ice Arena.

Officials expect to accommodate large cargo ships traveling up the East Coast after the Panama Canal widens.

A regulator will allow bond insurer MBIA Inc. to make a payment on surplus notes issued in 2008, the company said.

New York City Comptroller John Liu urged Mayor Michael Bloomberg to quickly identify senior administration officials responsible for orchestrating and overseeing the illegal lobbying activities at the city's Economic Development Corporation.

Moody's Investors Service has downgraded Onondaga County Water Authority's outstanding parity revenue bonds to Aa3 from Aa2.

Ernst & Young's US Transaction Advisory Services has expanded its infrastructure advisory practice with the acquisition of Jeffrey A. Parker & Associates, a financial advisory firm focused on infrastructure.

Nassau County received 13 responses to its request for information regarding a public-private partnership for its troubled sewer system.

The Dormitory Authority of the State of New York is expected to sell $1 billion of personal income tax bonds in a competitive offering on Tuesday.

Nassau County has entered into a partnership with asset management company Universal Management Technology Solutions, Inc., to help curb spending and save up to $25 million annually.

State building aid payable to the city secures the bonds under the School Financing Act.

The law firm taps a former key operative for the Dormitory Authority of the State of New York, perennially a top issuer.

The New York City Housing Development Corp. has approved nearly $250 million of housing bonds to finance three new developments and preserve and renovate eight others.

The New York Power Authority Board of Trustees approved $30 million in funding over a five-year period to accelerate energy efficiency market development activities and demonstration projects.