New York

Moody’s Investors Service said last week that the risk profile of New York local governments’ debt — other than school districts — subject to the new property tax cap remains unchanged.

New York City will begin its $800 million sale of tax-exempt general obligation refunding bonds with a two-day retail period that starts Monday.

In an effort to fund a $10.25 million budget deficit, the Long Beach, N.Y., City Council on Tuesday approved a resolution to submit a request to the New York Legislature to authorize the city to issue bonds.

Two New York Senate committee chairmen have raised the possibility of investigating bond insurer MBIA Inc.'s behavior when it applied for a transformation of the company during 2008 and 2009.

The New York State Environmental Facilities Corp. is expected to sell $497.5 million of triple-A rated state clean water and drinking water revolving fund revenue bonds on Tuesday after being priced for retail on Monday.

The Suffolk County, N.Y., Legislature on Tuesday voted to have employees pay for part of the cost of their health insurance for the first time in the Long Island county’s history.

The New York City Regional Economic Development Council announced a series of consolidated funding application workshops throughout the city’s five boroughs.

New York City Comptroller John Liu last week proposed a plan to accelerate $2 billion of capital spending over the next two fiscal years for school construction and other capital projects that have already been approved.

Nassau County, N.Y., has selected New Jersey-based United Water to operate and improve the county's three troubled wastewater treatment plants.

Fitch Ratings has downgraded the upstate city of Utica’s rating to BBB from A-minus on $41.4 million of unlimited-tax general obligation bonds. The outlook is stable.

The Port Authority of New York and New Jersey last week launched a nationwide search for a chief financial officer to replace Michael Fabiano, who has announced he will retire at the end of this year.

New York’s industrial development agencies supported 4,444 projects and provided nearly $500 million in net tax exemptions in 2010, but projects were down and cumulative job gains decreased by 22,000 from 2009, according to an annual performance report by state Comptroller Thomas DiNapoli.

The Dormitory Authority of the State of New York sold $86.3 million of New York University revenue bonds on Thursday.

New York State ended its 2011-12 fiscal year with major reductions in structural budget gaps, but tax receipts underperformed expectations for the fifth year in a row, according to a report released by the state comptroller on Monday.

Suffolk County’s larger than estimated deficit is a credit negative, Moody’s Investors Service said in a report last week.

Former Yonkers, N.Y., deputy mayor William Regan, who received a controversial last-minute spike in pay, also attempted in vain to receive thousands of extra dollars in unemployment pay, the Journal News of Westchester County reported.

New York's Metropolitan Transportation Authority on Wednesday approved a deal surrendering its vacant former downtown Brooklyn headquarters for use by New York University as an applied science center.

Nassau County, N.Y., is expected on Wednesday to sell $207.1 million of general improvement bonds in a competitive sale and $34.6 million of taxable bond anticipation notes in a negotiated sale.

Cities, counties and states continue to struggle with unfunded pension liabilities, prompting the question of whether pension obligations represent debt or values.

Buffalo, N.Y., on Tuesday auctioned $39.8 million of bonds in three series at the lowest interest rates in the city’s history.