New York

Loop Capital Markets has hired veteran managers to lead its transportation and housing groups while adding to its Texas banking presence.

The Kenmore-Town of Tonawanda Union Free School District in Erie County, New York will pay $17.5 million to 35 victims who sought compensation under the state’s Child Victims Act.

The Securities and Exchange Commission has charged the City of Rochester, New York, its former finance director, former CFO and their municipal advisor with misleading investors in a $119 million bond offering.

The final budget sets aside about $8.3 billion in budget reserves, which bring them to the highest level in the city's history.

The Long Island county has scheduled a competitive sale Tuesday for $241 million of Series 2022A tax-exempt general obligation improvement bonds.

As summer beckons, it's time for a reporters' roundtable with some of the Bond Buyer's senior staff. Yvette Shields, Karen Pierog, Keeley Webster and Thomas Nocera talk with Chip Barnett about what's hot in their regions and what municipal bond market participants should expect to see in the months ahead. (25 minutes)

Since New York legalized the sports gambling industry five months ago, residents of the state have made almost $6 trillion in bets.

The Citizens Budget Commission awards gala was attended by New York Mayor Eric Adams, State Comptroller Thomas DiNapoli and former Lt. Gov. Richard Ravitch.

Total May volume was $31.167 billion in 750 deals versus $35.358 billion in 1,295 issues a year earlier. In a continuing trend, new-money issuance was up 14.2% in May year-over-year.

The recommendation would build reserves toward a target of 16% of tax revenues in order to prevent drastic service cuts during a recession.

Several states have passed, or are considering, legislation to bar local governments from making payments to criminals who hold computer systems hostage.

Almost $25 million of bond funds provided for school technology and security enhancements to state school districts this year from the 2014 Act.

Laura Rabinow of the Rockefeller Institute of Government talks with Chip Barnett about New York State’s $4.2 billion environmental bond referendum. Find out how the Clean Water, Clean Air and Green Jobs Environmental Bond Act of 2022 got on November's ballot and what it will actually do. (20 minutes)

California has received the most, at $9.7 billion, followed by New York. Transportation is the top spending category nationally followed by climate, energy and environment.

Despite compelling yields and ratios, buyers continue to be selective. Even if rates stabilize, municipal investors will likely be cautious for some time, waiting for fund outflows to abate, strategists said.

Fitch Ratings revised its outlook on the city's AA-minus rating to positive ahead of a $1.08 billion general obligation bond sale.

The Louisiana House passed a bill to limit firms that "discriminate" against the firearms industry from government business. A similar bill was vetoed last year.

Despite the pandemic, operating revenues increased 7.6% from 2019 to 2020 and 8.25% from 2020 to 2021.

The nomination to the bistate agency comes as the long-stalled project could see its first infusion of federal funds.

Total April volume was $34.329 billion in 729 deals versus $37.105 billion in 1,124 issues a year earlier.