New York

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.

A New York state task force overseeing the implementation of public authorities reform legislation is looking at how the New York City Industrial Development Agency conducts its ­business.

New York City Mayor Michael Bloomberg yesterday cranked up the volume in a fiscal fight with the governor at the release of his executive budget proposal. The mayor proposed a $62.9 billion budget that apparently included few changes from his preliminary budget released in January.

As New York lawmakers work on the state’s fifth emergency spending bill to prevent a government shutdown, other measures have quietly found their way into law.

Affordable housing developers in New York are finding underwriters and tax-credit investors for their deals, but the market is tougher for newer entrants than it was in the boom years, panelists said yesterday.

New York’s fiscal crisis could spur short-term borrowing by school districts if the state ­delays some of the $3.8 billion in aid payments due to districts in June.

New York Gov. David Paterson late Tuesday called for furloughing many state employees one day each week until the Legislature passes a fiscal 2011 budget. The state has been operating under emergency spending bills, without a budget in place, since the fiscal year began April 1.

New York prepared to end the first month of its fiscal year without a budget in place as lawmakers last night were expected to pass an extender bill to cover spending through May 1. The emergency spending bill would be the fourth since the fiscal year began on April 1.

New York’s Metropolitan Transportation Authority has started doing its own forecasting for dedicated taxes after state projections have repeatedly come in below expectations, MTA staff said yesterday.

New York’s Metropolitan Transportation Authority Friday announced it had slashed $1.8 billion from its proposed five-year capital plan in a bid to win state approval. Like an earlier proposal rejected last year by Gov. David Paterson, the slimmed-down $26.27 billion capital program has a $9.91 billion funding gap.

The Long Island Power Authority in New York plans to return to the municipal bond market next week with its first-ever Build America Bond deal.