The New York State Energy Research and Development Authority board will vote today on the appointment of New York Assemblyman Paul Tonko, 58, D-Amsterdam, as president and chief executive officer. Tonko, who has served in the Assembly since 1983, would replace Peter R. Smith who was appointed to the post in 2004 and has resigned, effective June 30. Smith has not announced his future plans.Prior to his election to the Legislature, Tonko was an engineer at the New York Department of Transportation and served on the staff of the Department of Public Service. He also served on the Montgomery County Board of Supervisors, where he became chairman in 1981. He earned a degree in mechanical and industrial engineering from Clarkson University in New York. As an assemblyman, he was critical of the way energy was deregulated in the state by former Gov. George Pataki, which he said did not improve the problems with energy supply that it was meant to address. “Paul has great respect for NYSERDA and the work that they’ve done over the years, he would vigorously continue that work,” said Tonko chief of staff Tom Lynch. NYSERDA is a public benefit corporation established in 1975 to develop energy efficiency projects.
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St. Louis Community Ice Center drew on a debt service reserve to make payments on its unrated Series 2018A revenue bonds and defaulted on its 2018B bonds.
March 27 -
Ending a challenging week with ongoing geopolitical tensions and rising oil prices, muni yields were cut one to four basis points, depending on the scale.
March 27 -
The homeowners insurance market in the U.S. "faces mounting strain from severe climate risk," Benjamin Collier and the other authors said in their commentary.
March 27 -
Guessing what may happen as Congress pounds away on a surface transportation reauthorization bill has not rattled credit ratings so far, but a key deadline could slip.
March 27 -
Martina Hinojosa and Kevin O'Donnell Stanek have joined FBT Gibbons' public finance practice as partners.
March 27 -
The new state income tax is expected to make Washington munis, which are exempt, more attractive for high-earning residents.
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