New York

"There is no person who has done more to keep the New York City budget sound than Ronnie Lowenstein,” says Richard Ravitch. "She is a remarkable public servant.”

Marjorie Henning was named deputy comptroller for public finance and Michael Haddad is interim chief investment officer and deputy comptroller for asset management.

Despite its snowy reputation, the region sees itself as a climate refuge due to cooler temperatures, reliable infrastructure and Lake Erie freshwater.

The window of opportunity is open thanks to new projects, new state and city leadership, emerging projects and better systems to benefit travelers.

The New York State Common Retirement Fund also said it invested $2 billion in an index focused on reducing the risks of climate change and capitalizing on opportunities in the transition to a low-carbon economy.

The pandemic, and now the spreading of the omicron variant, exposed nationwide disparities in Internet access with the transition to remote work and learning.

Pandemic or not, major projects must continue, say New York Gov. Kathy Hochul and the Port Authority.

One-shot federal aid and pending labor contracts require budgetary diligence, Scott Stringer says.

Most states with remaining balances totaling $39.3 billion want more time to enact a plan to repay the loans taken out to manage pandemic-driven job claims. Interest began accruing in September.

The agreement will move along the Penn Station Access commuter rail undertaking and East River tunnel fix-ups.

Alex Doñé will leave the city comptroller's office at year's end when Scott Stringer's term ends; deputy CIO Michael Haddad will fill the interim position.

The port's operating revenue will continue to recover, enabling it to return to a total net revenue debt service coverage ratio of 1.75 times by 2023, the rating agency said.

New York's incoming mayor must balance some short-term fiscal advantages with longer-term concerns.

While the outgoing New York mayor's final plan showed some bright spots, enough remains to test Eric Adams when he takes office.

The refinancing will add $80.5 million to the original 2017 federal loan for the project, bringing the total to $606.7 million.

The forum is urging its members to contribute to scholarship funds to honor the memories of Robert Rosenberg, Carey Gabay, Ned Flynn and Alan Anders.

Michelle Wu's election was an exception at the local level as voters rejected hard-left candidates and initiatives.

Putting aside dynamics such as federal pandemic aid and congestion pricing, the transit authority's latest financial plan had a rinse-and-repeat feel.

Jennifer Johnston, director of research, municipal bonds, at Franklin Templeton, talks with Chip Barnett about whether a “Great Migration” from cities like New York and San Francisco is really taking place or is it just an urban myth. (19 minutes)

With less defined mechanisms than other cities, a report says, the incoming mayor has an opportunity to shape the city's reserve policy.