New York

The New York City Independent Budget Office Tuesday released its annual list of potential spending cuts and revenue enhancements, including a proposed waste-to-energy plant that could generate $29 million of savings per year.

Officials anticipate blending fixed-rate bonds and floating-rate debt to grab a lower all-in borrowing cost on $1.28 billion of tax-exempt Liberty revenue bonds that will help finance construction at the World Trade Center.

A flurry of New York issuance helped to boost supply last week in the municipal bond market as buyers grabbed $1.87 billion of debt from the Empire State.

Standard & Poor’s last week revised its outlook on the University of Rochester to positive from stable as revenue growth and limited spending have improved the school’s operating performance.

The Nassau County Interim Finance Authority Thursday approved a wage freeze for Nassau County employees and said the Long Island county’s revised budget fails to address shortfalls.

Don’t count on the state for help.That’s the message Mark Page, director of New York City’s office of management and budget, expressed Monday before the City Council’s Finance Committee.

New York State will sell $830 million of new-money and refunding general obligation bonds via competitive bid on Tuesday to help finance transportation and environmental infrastructure needs and generate debt service savings.

Nassau County, N.Y., Executive Edward Mangano Wednesday announced $121.2 million of budget cuts and “hundreds” of layoffs to help balance the $2.6 billion budget for fiscal 2011.

The New York Senate passed its ­fiscal 2012 budget and the Assembly was set to pass its spending plan as lawmakers continue to disagree on whether to ­extend a tax increase for millionaires.

Four former superintendents of the New York Insurance Department argued Sunday that the regulating body didn’t have the authority to approve bond insurer MBIA Inc.’s February 2009 ­restructuring.

The Nassau County Interim Finance Authority will remain in control of Nassau County, N.Y.’s finances, as a judge Monday rejected the county’s request for a temporary injunction to stop NIFA’s supervision.

New York City Mayor Michael Bloomberg and fellow officials Monday touted a $3.3 billion maritime initiative to revive the city’s 520 miles of shoreline to help boost economic development and address environmental needs.

Full-time New York City employees earn about 17% less, on average, than full-time private-sector workers, according to a report issued last week by city Comptroller John Liu.

Nassau County, N.Y., ended fiscal 2010 with a $17.2 million surplus and cut its structural deficit to $131.6 million, according to unaudited fiscal results from Comptroller George Maragos.

New York City this week will issue its first general obligation bond deal of 2011 with a $641 million refinancing to generate debt-service savings.

Moody’s Investors Service last week revised its outlook for Fordham University to stable from positive as the school plans to increase its borrowing more quickly in advance of expected fundraising and balance-sheet growth.

In the 1930s, motorists paid 50 cents to drive through the Holland Tunnel, and a night at the Hotel Chesterfield in Jersey City cost $2.50.

When former New York Assemblyman Richard Brodsky stepped down to make an unsuccessful run to become attorney general, observers wondered who would be the next chairman of the Assembly Committee on Corporations, Authorities and Commissions that the Westchester County Democrat had used as bully pulpit for eight years.

New York's pension fund has regained much of the value it lost in the recession but still has a way to go, according to pension returns released by the comptroller's office last week.

The Dormitory Authority of the State of New York last week gave final approval to $150 million of bonds for a university and preliminary approval to $72.8 million for lower education projects.