New York

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.

Fitch Ratings yesterday upgraded the Long Island Power Authority’s $5.9 billion of revenue debt to A from A-minus. The rating agency also changed the outlook stable from negative.

Lazard Ltd. has hired Thomas Suozzi, former executive of Nassau County, N.Y., as a senior adviser on partnerships between private infrastructure companies and state and local governments.

New York Gov. David Paterson held fast to his spending cuts and revenue proposals as the Legislature Monday evening passed a $4.61 billion emergency budget that will allow the state to continue paying its bills through April 25.

WASHINGTON — The Securities and Exchange Commission and the New York attorney general reached settlement agreements with investment adviser Quadrangle Group LLC and others for allegedly engaging in pay-to-play practices with state officials and their consultants to obtain investment business from New York’s pension fund.

New York Attorney General Andrew Cuomo Thursday recouped nearly $12 million for the Empire State from four firms and one individual connected to illegal investment actions of the state’s pension fund.

Former Fidelity Capital Markets public finance banker Mark T. Kim has joined the New York City comptroller’s office.

The New York Municipal Bond Bank Agency plans to market a pooled bond financing on behalf of six municipalities next month — the second such deal from the issuer in recent months.

Moody's Investors Service Friday placed the Battery Park City Authority on watch for a possible downgrade, citing an agreement under which the agency would transfer surplus funds to New York State and New York City.

New York City's revenue forecasting should be handled by the comptroller's office rather than the mayor's office, Comptroller John Liu said last week.

New York Gov. David Paterson last week appointed Brian Lawlor to head the state's housing agency and its housing bond agencies.