New York

The first tranche of federal dollars are seen as a down payment on what's billed as the most urgent infrastructure project in the U.S.

Next week's potential volume is slated to be more than $8 billion, led by $1.25 billion of taxable and tax-exempt future tax-secured subordinate bonds from the New York City Transitional Finance Authority.

Outflows continued, with Refinitiv Lipper reporting investors shed $1.503 billion from municipal bond mutual funds in the week, following outflows of $2.136 billion in the previous week. High-yield saw small inflows.

Davey will oversee operations for the city’s subways, buses, paratransit services and the Staten Island Railway.

The 20% rise is higher than the city’s forecast of a 15.7% gain and this may help the Big Apple see better-than-expected income tax revenue.

New York State Comptroller Thomas DiNapoli and city Comptroller Brad Lander lauded the SEC’s proposal, saying environmental transparency is beneficial to the state and city pension plans.

The triple-A 10-year yield is above 2% on all scales, the highest since March 2020.

The Port Authority of New York and New Jersey is a "trailblazer" in public-private partnerships, and P3 investors hope to see more action in U.S. airports.

The Big Apple faces an uncertain economic future as many white-collar workers remain at home and the return to office movement takes hold only slowly.

The City Council on Wednesday began the first of a series of hearings on Mayor Eric Adams' $98.5 billion preliminary fiscal 2023 budget.

Municipal bond issuance in the region was down 11.7% year-over-year in 2021, as new money, refunding, taxable and tax-exempt volume all slipped.

To help the city recover faster, former Lt. Gov. Richard Ravitch has proposed a dedicated state-approved revenue stream to provide additional funding for the transit system.

The proposed issuance would refinance some of the New York City Municipal Water Finance Authority’s outstanding bonds.

The diverse structure of New York’s debt poses a significant danger to the state economy’s financial wellbeing: the risk the government and its public authorities might lose access to credit in a fiscal or market crisis.

The Volcker Alliance looks at the state’s outstanding municipal bonds and $83 billion in other obligations and suggests improved transparency and oversight.

As the MTA works toward a post-pandemic future, Kevin Willens, formerly co-head of public finance at Goldman Sachs, becomes its chief financial officer.

The budget proposal reflects the state’s improving financial position, due in part to aid from the federal government.

California officials blame a new electronic records system for reporting delays that worsen every year, though other states don't have the same problem.

Mayor Eric Adams’s proposal to ask the state to raise the Transitional Finance Authority’s bonding authority by $19 billion is being opposed by Comptroller Brad Lander.

Gov. Kathy Hochul's “New Era for New York" initiative includes a $10 billion healthcare proposal, a $1 billion plan to help small businesses, middle-class tax relief, ethics reforms and limiting statewide elected officials to two terms.