New York

The New York City Education Construction Fund plans to competitively market $136.4 million of tax-exempt bonds on Thursday to complete the financing for construction of two public schools at an apartment tower and retail complex.

New York City brings its first deal of the new year to market next week with $875 million of tax-exempt bonds as it steps forward into a world without the Build America Bond option.

In his first state of the state address, New York Gov. Andrew Cuomo on Wednesday said the state must reduce spending and close a $10 billion budget gap in the next fiscal year.

In one of his final settlements as New York Attorney General, Governor-elect Andrew Cuomo last week announced an agreement with Steven Rattner, former principal of the private-equity firm Quadrangle Group LLC, in an investigation into a pay-to-play state pension fund scheme.

After weeks of speculation, the board that monitors Nassau County, N.Y.'s fiscal condition did not take over its finances last week. Instead, the Nassau County Interim Finance Authority asked for additional budget information by Jan. 20 before it would take any action.

New York City on Tuesday continued to dig itself out from a snowstorm that dropped nearly 20 inches of snow in less than 24 hours. Sorting out the economic impact likely will take even longer. A spokesman for Mayor Michael Bloomberg said that the rule of thumb is that every inch of snow costs $1 million to clean up.

New York Gov. David Paterson issued an executive order Friday that clears the way for the state to issue the largest-ever recovery zone facility bond offering before the program's Dec. 31 expiration.

New York’s largest recovery zone facility bond deal to date will likely price this week, just under the wire before the tax-exempt private-activity bond program expires.

New York's Metropolitan Transportation Authority adopted a $12.08 billion operating budget for 2011 at its monthly board meeting Wednesday. The budget closes a projected $900 million deficit with a combination of fare and toll increases that go into effect on Jan. 1, labor concessions, efficiency savings, and recurring actions taken this year.

New York City budget director Mark Page on Tuesday called for a 20% reduction in capital spending in the city's next 10-year capital strategy plan to be released next year.

With two weeks left to use its remaining $90.2 million allocation of recovery zone facility bonds, New York City is projecting that $18.7 million of unused capacity will be left to help finance World Trade Center development.

New York’s Metropolitan Transportation Authority plans to issue up to $750 million of taxable Build America Bonds next week to fund capital needs in 2011.

The Port Authority of New York and New Jersey passed a $7.17 billion operating and capital budget Tuesday for calendar year 2011 that keeps operating growth flat while boosting capital spending.

Putnam County, N.Y., executive-elect Vincent Leibell 3rd pleaded guilty Monday to obstruction of justice and tax evasion. It was unclear Monday who will run the county beginning on Jan. 1 when the long-time state politician would have taken office.

New York's two largest issuers of affordable housing bonds plan to end the year with deals under the revised New Issue Bond Purchase program.

Expected rents at a rising office tower at the World Trade Center site will back debt service on $1.31 billion of tax-exempt Liberty revenue bonds expected to price this week, but their real security comes from local ­governments.

New York’s capital projects were ­financed with debt for 56% of the costs in fiscal 2010 compared to 42% in ­fiscal 2001, according to a report released Tuesday by the state comptroller’s ­office.

Nassau County, N.Y., plans to competitively market $125 million of general obligation bonds this week as questions linger about its finances.

The controversy over the Atlantic Yards development project in Brooklyn spawned lawsuits, protests — and now a theater production.

New York City Comptroller John Liu on Wednesday urged Congress to extend the taxable Build America Bond program.