New York

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.

New York City has begun another round of applications for recovery zone facility bond financing, even though it has already selected projects that would use its entire $121 million allocation.

A decision more than a year ago to invest in financial modeling that addresses New York’s complicated finance laws paid off for Loop Capital Markets Inc.

Nassau County, N.Y., plans to competitively sell $141.7 million of general obligation bonds Wednesday.

The Port Authority of New York and New Jersey on Thursday approved a $1.2 billion expansion of a terminal at John F. Kennedy International Airport on behalf of Delta Air Lines and its partners.

The passage of the final piece of New York’s budget on Tuesday night clears the way for almost $2 billion of personal income tax bond deals to move forward next month.

The New York City Capital Resource Corp. on Tuesday gave final approval to $28 million of recovery zone facility bonds to finance a cement facility on Staten Island.

Public sector spending on new institutional construction in New York City outpaced private spending during a recent two-year period, according to a building industry report.

New York City Mayor Michael Bloomberg appointed a chief investment adviser Monday to consult with his representatives about city pension funds.

New York City Mayor ­Michael Bloomberg last week said he wants to rein in employee pension costs. But what he didn’t mention in his remarks at the annual meeting of the board that monitors the city’s finances was debt service costs, which are consuming a rising level of the city’s tax revenue.

The Dormitory Authority of the State of New York gave final and preliminary approval to $1.15 billion of bonds at its monthly board meeting Wednesday.