New York

New York plans to market new-money, tax-exempt personal income tax bonds next week for the first time since March.

The North Shore Long Island Jewish Health System Inc. has agreed to pay $3 million to settle a civil fraud lawsuit in a deal the U.S. attorney’s office announced Tuesday.

New York plans to market its second qualified school construction bond deal next week with a $133.5 million offering on its personal income tax credit.

In what has become an annual ritual, New York officials Tuesday touted progress in the reconstruction work at the World Trade Center site. This year, progress can be seen reaching for the sky as the steel on the signature building, 1 World Trade Center, has reached the 36th floor.

The fate of a New York law that would impose taxes on certain tobacco sales on Indian reservations won’t impact tax-exempt bonds issued to finance Seneca Nation projects, a Standard & Poor’s analyst said.

New York state and local government employers will have to increase average pension contributions to 16.3% of salaries from 11.9%, Comptroller Thomas DiNapoli announced Thursday. He also lowered the assumed rate of return on pension fund investments to 7.5% from 8%.

New York’s Metropolitan Transportation Authority has delayed for a month oral presentations in the selection of underwriters and swap counterparties, the agency confirmed Wednesday.

Public finance attorney Kenneth Lind was made partner at Nixon Peabody LLP, the firm announced Tuesday. Lind has served as bond counsel at the firm’s New York City office since leaving the state Metropolitan Transportation Authority in January 2008, where he had been acting finance director.

The developer of an Islamic cultural center in Lower Manhattan will seek $70 million of tax-exempt bond financing to build the new $100 million facility modeled after religiously affiliated community organizations like the YMCA or New York’s 92nd Street Y, according to a news report.

At a time when government is shrinking, the new office overseeing New York’s public authorities is looking to expand. The Authorities Budget Office, created under reform legislation last year, wants to add four new staff members in the near term as the agency writes regulations over the next six to eight months.

The Port Authority of New York and New Jersey on Thursday approved a financing agreement on World Trade Center development that clears the way for the refunding of $2.59 billion of escrowed Liberty bonds next month.

New York plans to price two delayed personal income-tax bond deals totaling $1.66 billion over the next two months.

Local issuers in New York will be able to sell deficit notes to make up for revenue shortfalls under legislation signed into state law earlier this month.

Extraordinary state oversight imposed on Newburgh, N.Y., prompted Moody's Investors Service on Friday to take the fiscally challenged city off watchlist for possible downgrade.

New York's 115 industrial development agencies are failing to provide promised jobs while costing the state and local governments tax revenue, two advocacy groups said in a joint report last week.

New York in July posted the largest monthly increase in private sector employment since 2005, the state Labor Department reported last week. The state added 29,000 private sector jobs last month, a 0.4% increase.

Emily Youssouf, former president of the New York City Housing Development Corp., will begin teaching at New York University this fall, it was announced last week.

School districts in New York are finding that mistakes made when filing for state aid that were once resolved without fanfare are seemingly insurmountable in a fiscal crisis.

New York's independent Authorities Budget Office needs additional funding to effectively carry out its oversight mission, a state task force reported Monday.

Rockland County, N.Y., plans to competitively sell $33.8 million of tax-exempt general obligation bonds on Thursday.