New York

"The good news in this budget is that the MTA has increased its effort to find efficiencies, so that's now a larger portion of the plan. The challenge is that efficiency portion of the plan should be much, much bigger," said CBC President Andrew Rein.

Debt outstanding at state and local public entities totals more than $329 billion, an increase of $61.5 billion since 2017, according to a report by state comptroller Thomas DiNapoli.

"I'm thrilled to have that opportunity to join the team," Patrick McCoy says. "It's a very important project with regional implications. To be part of that team is going to be very exciting."

Battery Park's flood-proofing projects are part of New York City's larger strategy to protect itself from the next big storm.

"The MTA's structural gaps remain huge and demand immediate action and a multi-party, multi-year plan" says Citizens Budget Commission President Andrew Rein.

Total November volume stood at $19.712 billion, the lightest of any month year-to-date, in 527 versus $37.073 billion in 1,055 issues a year earlier, according to Refinitiv data.

The Port Authority of New York and New Jersey expects its bottom line to return to pre-pandemic levels in fiscal year 2023, according to its recently announced budget.

A separate report showed the state's workforce declined by 1% between 2011 and 2021 while the workforce increased 5.1% nationally during that time frame.

"An increase in social distancing and remote work has resulted in growing vacant office space since late 2020. Office rents have also trended down and remained depressed into 2022," according to the Popular Annual Financial Report.

More than two years after COVID derailed three JFK Airport's high-profile terminal deals, the final project is now on track for groundbreaking early next year.

The update noted the growth in the fiscal 2023 budget since its adoption last July was due to the approval of federal grants.

New York City will also release the first quarter update to the fiscal 2023 financial plan this month.

The City of Rochester, New York, and its former finance director appear set in fighting SEC charges that they defrauded investors in connection with a 2019 bond offering.

Kevin Boomhower believes water infrastructure is a basic necessity and the work EFC does is helping all communities in the state meet that need.

Third-quarter sales tax collections by local governments in New York increased 10.2% year-over-year, but that falls to 1.8% after adjusting for inflation.

The suit, filed on behalf of community groups and area residents, alleges New York state officials skirted the law when negotiating a deal with developer Vornado Realty Trust in 2018.

Total October volume was $24.951 billion in 510 deals versus $41.811 billion in 1,068 issues a year earlier, according to Refinitiv data.

Robert Radigan has joined Squire Patton Boggs as partner in the Public & Infrastructure Finance Practice in New York.

The $53 billion Army Corps of Engineers plan is the largest of hundreds of coastal protection projects launched since Superstorm Sandy swamped the area in 2012.

The municipal market was a tale of two halves in fiscal 2022, the report says.