New York

New York State’s late budget has delayed a $1.3 billion personal income tax bond deal that was expected to come to market this month.

A Port Authority of New York and New Jersey official reassured New Jersey lawmakers yesterday that the agency is moving quickly to update or replace the Bayonne Bridge, a move that would potentially increase shipping activity in the area.

New York’s Metropolitan Transportation Authority wants ideas on how to create a new credit with revenue streams enacted in last year’s state bailout, according to its first request for proposals for underwriting services in five years.

The New York City Capital Resource Corp. yesterday approved a $17 million recovery zone facility bond deal to partially finance the construction of a medical office building in Queens.

New York City budget director Mark Page yesterday faced sharp questions over spending and budget cuts at the City Council’s final hearing for the fiscal 2011 budget.

The New York City Capital Resource Corp. tomorrow will consider a Harlem hotel project to use the remainder of its recovery zone facility bond allocation.

The Dormitory Authority of the State of New York’s upcoming $1.3 billion personal-income tax bond deal will be the state’s largest ever municipal issue with a minority firm serving as book-runner, DASNY announced yesterday.

New York’s pension fund’s rate of return improved significantly in the fiscal year that ended March 31 but didn’t erase the previous year’s steep loses, state Comptroller Thomas DiNapoli said yesterday.

Rochester-based Harris Beach PLLC has hired attorney John S. Harris as partner to help with its expansion in the New York state capital region.

The Whitney Museum of American Art has had informal talks with the New York City Trust for Cultural Resources about selling bonds to help finance a new building in downtown Manhattan.

The Dormitory Authority of the State of New York today plans to competitively price $800 million of taxable personal income tax Build America Bonds.

The Metropolitan Transportation Authority could sell revenue anticipation notes to fill a hole caused by New York’s withholding of subsidies, officials said at a finance committee meeting yesterday. This month the state has withheld $275 million of certain aid payments to the MTA, officials said.

New York’s Metropolitan Transportation Authority today will recommend Lamont Financial Services Corp. and Swap Financial Group LLC to replace Goldman, Sachs & Co. as its financial and swap advisers, according to materials posted on the MTA’s website.

The New York State Environmental Facilities Corp. plans to market its first bond deal using a new security structure this week. The EFC’s new indenture for state revolving fund projects doesn’t require a reserve fund, something that bonds issued under the old indenture needed.

The Dormitory Authority of the State of New York approved $2.31 billion of personal income tax bonds at a special board meeting in Albany yesterday.

The New York City Transitional Finance Authority plans to market its first qualified school construction bonds tomorrow as part of a $1.39 billion deal that began taking retail orders on Friday.

New York’s cash-strapped Metropolitan Transportation Authority announced yesterday that a reorganization of its bridge and tunnel maintenance operations would save $25 million annually.

The Port Authority of New York and New Jersey is pioneering a unique type of public-private partnership to replace the aging Goethals Bridge.

A federal judge Wednesday issued a temporary restraining order blocking New York Gov. David Paterson’s plan to save funds by furloughing state employees starting next week. Three unions sued Paterson after the Legislature Monday passed an emergency spending bill that included the furlough plan.

New York’s public authorities are proliferating and in some cases duplicating the work of others, the chairman of a task force on the implementation of an authority reform law said yesterday.