New York’s Metropolitan Transportation Authority will need $5 billion to $10 billion more for its five-year plan than expected in July when it released its preliminary $18 billion financial plan, executive director Elliot Sander said at the MTA’s monthly board meeting yesterday. The increase, needed for the period 2009 to 2013, is in part due to higher-than-expected construction cost escalations as well as revised assessments about what the system needs to keep up with growth in the region, MTA spokesman Jeremy Soffin said. The authority will ask for additional state aid from the Legislature when it submits its capital plan in March. “Increased aid will be critical to avoid over-borrowing that characterized the last several years,” Soffin said.
-
The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
March 28 -
LSEG Lipper reported fund inflows of $447 million while high-yield muni bond funds saw another round of inflows at $246 million, marking the 12th consecutive week of positive flows in that space.
March 28 -
Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.
March 28 -
D.C. promises $515 million in improvements to its existing downtown arena.
March 28 -
A bond-financed purchase of the Stanley Hotel in Estes Park, Colorado, which served as an inspiration for Stephen King's The Shining, is being pursued by the Colorado Educational and Cultural Facilities Authority.
March 28 -
In a recently released survey by the Citizens Budget Commission, New Yorkers said they are feeling much less safe, with only 37% rating public safety in their neighborhood as excellent or good, down from 50% in 2017.
March 28