Northeast

The trend toward paying down debt, as opposed to tender offers or refundings, to save money cuts across Red state/Blue state lines. New Jersey retired $500 million of debt to produce $160 million of savings.

Katz is well known for guiding operational improvement and expense control in the financial services sector, his new employer said.

Hochul's budget proposal for fiscal 2025 would preserve New York State's reserves at $19 billion.

Mr. Laverty spent most of his life living and working in New York City as a municipal bond underwriter for several Wall Street firms.

"Hiring Giles along with other senior and experienced hires over the last year demonstrates our deep commitment to public finance at a time when our competitors are laying off in droves or retrenching from the sector entirely," said Suzanne Shank, president and CEO of Siebert Williams Shank.

The top five bond financings have an average dollar volume of more than $917 million.

Gov. Phil Murphy signed a bill amending the state's Local Bond Law to extend the period of usefulness of new emergency equipment from 10 years to 20 years.

"Some have called on us to use our rainy-day fund to cover asylum seeker needs. We do not agree and neither do our city and state comptrollers as well as the bond rating agencies and fiscal experts," said NYC Mayor Eric Adams.

Bonds issued through the Westchester County Local Development Corp. will create a centralized base for the nonprofit's blood distribution and lab operations.

The 2025 state budget would provided $2.4 billion to New York City to pay for the costs of caring for a rising influx of migrants, which includes taking $500 million from reserves.