New York

New York Gov. Andrew Cuomo is holding off on addressing a widening revenue gap until after the election, hoping a Democratic win will mean more stimulus, a move analysts criticized.

Manhattan Institute recommendations include paring back “unusually generous” benefits and transitioning new employees toward a defined-contribution system.

Memphis, Tenn-based FHN, a division of First Horizon Bank, announced Wednesday the hiring of two municipal bond veterans to its New York City team focusing on infrastructure in Evan Levine and Crystal Mullins.

Coping with tighter budgets during the coronavirus, they are looking to cut through a capital construction process fraught with delays and cost overruns.

Proposed upgrades to the 110-year-old tunnel linking Manhattan and northern New Jersey have hit roadblocks under President Trump.

Long Island county prepping $290 million offering while confronting a giant revenue shortfall.

New York State’s first credit downgrade in 17 years is a warning that fiscal changes will be necessary to combat its coronavirus-induced budget crisis, according to observers.

Some see promise in the endeavor while others are skeptical about Mayor Bill de Blasio's initiative.

The Manhattan cultural organization's credit rating may not suffer after it cancelled its 2020-21 season because of employee cost savings from furloughs and contract adjustments, analysts said.

A project to bring train service to LaGuardia Airport is closer to breaking ground despite the fiscal headwinds created by the COVID-19 pandemic.

While Scott Stringer and Eric Adams now top list of successors to Bill de Blasio, the political dynamic may have changed in the wake of social justice protests and the COVID-19 pandemic.

A $3.3 billion budget proposal from County Executive Laura Curran hinges on refinancing outstanding bonds through triple-A-rated Nassau Interim Finance Authority.

Family emotions, union pushback, fears of a new COVID-19 wave, cost drivers and data fluctuations are all at play as the city flip-flops on in-person education.

Fitch questions Buffalo, N.Y's revenue estimates and says the pandemic forced the city to use much of its reserves.

With Congress gridlocked over the coronavirus rescure package, the nation's largest trasit authority may have to look for other options.

The rating agency lowered the authority's transportation revenue bonds to A3 from A2, citing again the effects of the coronavirus.

Any bonding to cover coronavirus-related budget gaps should come only with oversight from a reactivated state panel, the Citizens Budget Commission said.

New York's law permitting municipalities to extend rollover periods on bond anticipation notes provides budget flexibility, but it's unclear how it will impact long-term debt.

The short-term Municipal Liquidity Facility does not meet the city's needs, the mayor said while repeating his call for borrowing authority from New York State.