New York

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.

Street space has become the new battlegrounds as municipalities, with fewer resources, look to reimagine themselves.

The New York City suburb achieved record low interest rates for a more than $40 million bond transaction following a credit upgrade that reflected its recent fiscal discipline.

At a feisty board meeting, officials rolled out draconian scenarios of service cuts and fare and toll hikes should Washington help not materialize.

The region's bond issuers sold $55.4 billion of municipal debt during the first half of 2020, a 21.1% increase from the same period in 2019.

The level of Washington aid is but one yardstick for the fiscal soundness of the city-owned system, says the watchdog Independent Budget Office.

New York State’s revenue deficit deepened during the first three months of fiscal 2021, underlining how crucial federal funding is to help, according to Gov. Andrew Cuomo.

Lauren Sobel, a municipal bond analyst at Bank of America, died in a rock climbing accident in Gardiner, New York.

Slow utility responses triggered legal action and calls for changes ranging from carrot-and-stick contracting agreements to a municipal takeover of Con Edison.

They cited recent waves of COVID-19 in rural and farmland areas and the success of mass transit overseas at containing the spread.

Sharp revenue losses caused by the pandemic triggered a negative credit outlook for Long Island’s Nassau County as it prepares to roll out a new fiscal plan to combat a budget hole.