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Westchester County Executive Robert Astorino wants to join a lawsuit challenging the legality of a tax enacted last year to help fund mass transit capital projects in the New York City area, he announced Wednesday.
October 6 - New York
The New York Liberty Development Corp. plans to re-offer bonds sold last year to finance development at the World Trade Center site and “re-escrow” the proceeds for at least a month.
October 6 - New Jersey
The Fort Monmouth Economic Revitalization Planning Authority is looking for a consultant to help craft a plan to assess the cost of transforming the 1,100-acre Army base in eastern New Jersey into a mixed-use development and create a financing strategy.
October 5 -
New Jersey and Atlantic City officials worked out a plan Tuesday to allow the state’s gambling center to spread out a $9.5 million budget deficit over five years as it prepares to issue nearly $36 million of refunding and new-money debt in the near term.
October 5 -
New York gubernatorial candidate Carl Paladino said Tuesday he would repeal a tax meant to support bonds for New York City transit projects, slash Medicaid, and cut personal income taxes.
October 5 - New York
New York State’s and New York City’s borrowing authorities plan to issue up to $8.77 billion of new-money bonds in the fourth quarter, according to a forward issuance calendar released Monday by the state comptroller’s office. The issuers also plan $1.24 billion of refundings and a $90 million conversion of variable-rate bonds.
October 4 -
After heated debate, New Jersey lawmakers Monday approved a $1.4 billion Transportation Trust Fund Authority debt restructuring deal that also includes new-money bonds.
October 4
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Rhode Island Superior Court will hold a hearing Tuesday regarding the constitutionality of the state’s appointment of a receiver to oversee Central Falls’ finances. Motions were filed Monday.
October 4 -
Moody’s Investors Service placed under review for possible downgrade Monday a combined $86.4 million of Harrisburg Authority water bonds and Harrisburg Parking Authority revenue bonds because the city could enter Pennsylvania’s distressed communities program.
October 4 -
A $1.4 billion New Jersey Transportation Trust Fund Authority deal is caught in a political stalemate as the state’s Department of Transportation announced Friday it would halt all state-funded transportation projects until the Legislature approves the bond sale.
October 1
