New York

New York City's pension funds recorded investment returns of more than 20% in fiscal 2011, according to preliminary numbers Comptroller John Liu released on Tuesday.

The board of New York's Metropolitan Transportation Authority on Wednesday authorized, without debate, the negotiated sale of up to $500 million of tax-exempt Series 2011A transportation revenue bonds.

The New York City Council Wednesday passed a $66 billion fiscal 2012 budget that avoids thousands of teacher layoffs and shutting down fire stations.

New York has enacted the first-ever cap on local property taxes in the state. Gov. Andrew Cuomo signed the measure after the House and Senate approved it late Friday.

The New York State Tobacco Settlement Financing Corp. next week will sell $975.5 million of tobacco refinancing bonds to generate savings.

New York's Metropolitan Transportation Authority on Wednesday will remarket $347.7 million of dedicated tax fund variable-rate refunding bonds originally sold in 2008.

The New York City Transitional Finance Authority Wednesday will competitively bid $300 million of building aid revenue bonds, including $100 million of taxable qualified school construction bonds.

The Dormitory Authority of the State of New York will issue $260 million of Series 2011A lease revenue bonds on Tuesday through negotiated bid.

The Erie County Fiscal Stability Authority has agreed to borrow $98 million to help Erie County Medical Center Corp. build a nursing home at its campus on Buffalo’s East Side.

The Nassau County Interim Finance Authority Thursday hired accounting firm Grant Thornton LLP to review the Long Island, N.Y., county's troubled finances.

New York City Mayor Michael Bloomberg Thursday announced the creation of a new bonding authority that would access the capital markets for nonprofit organizations throughout the city.

The Whitney Museum of American Art plans to borrow $125 million of tax-exempt bonds in mid-July to help finance construction of its new location in Manhattan's meatpacking district.

The Port Authority of New York and New Jersey has selected three consortiums to bid on a $1.5 billion replacement of the Goethals Bridge.

The New York State Tobacco Settlement Financing Corp. in late June plans to refinance $975 million of tobacco revenue bonds backed by the state's appropriation pledge.

The New York State Thruway Authority on Tuesday will sell $440 million of tax-exempt debt in a negotiated transaction to reimburse the state for expenses related to its multi-year highway and bridge capital program.

The New York State Environmental Facilities Corp. is scheduled to sell $193.56 million of new-money and refunding debt on Tuesday.

New York Gov. Andrew Cuomo last week filed legislation that would authorize $80 million of Empire State Development Corp. bonding for the State University of New York system and enable SUNY schools to boost tuition rates during the next five years.

Jonathan Ballan, no stranger to public service, was appointed this week to the New York Metropolitan Transportation Authority’s board.

The Dormitory Authority of the State of New York Thursday will sell $684.2 million of tax-exempt and taxable personal-income tax revenue bonds through competitive bid.

The Port Authority of New York and New Jersey will sell up to $1 billion of taxable bonds this summer to help finance construction of One World Trade Center in lower Manhattan.