City of New York, NY

The Aa2 rating was affirmed, but the negative outlook could raise the stakes as New York lawmakers debate the city's budget gap.

Mamdani's first proposal showed the worst-case scenario to close New York City's budget gap. He wants the state's help.

Bonding should increase in the next few years to address aged state and local infrastructure, Moody's Vice President Dan Seymour said.

New York City is in a challenging and defining time, and Mark Levine, a former City Council member and Manhattan borough president who will deliver a keynote address at The Bond Buyer's National Outlook event this Thursday, will play a key fiscal role.

New York City's longtime bad budgeting habits are coming back to haunt it, said Mark Levine, who was sworn in as comptroller this month.

New York Mayor-elect Zohran Mamdani named Sherif Soliman, a veteran of three mayoral administrations, as New York City's budget director.

Three casinos are betting billions of dollars on the New York City market. The state is hoping to cash in, too.

A New York state board advanced three proposals to build casinos in New York City, two in Queens and one in the Bronx.

Multi-layered state oversight, strict fiscal safeguards and durable revenue pledges support New York City GO and TFA bonds even as investors brace for policy shifts under mayor-elect Zohran Mamdani.

Keohane was described by colleagues as a deep thinker with an encyclopedic knowledge of New York public finance law and a great sense of humor.

New York will license up to three casinos in New York City. What returns can the state and expect on new entrants to an increasingly crowded gambling market?

City and state law mean it's unlikely that Mamdani will be able to enact the parts of his agenda that would have major impacts on the city's credit. 

The Dormitory Authority of the State of New York and New York City both saw billion-dollar-plus deals oversubscribed. 

The Trump administration's latest attempt to pull MTA funds comes after an audit of railway worker safety risks.

This year's portfolio growth will save the city $2.18 billion over the next five years, Comptroller Brad Lander said.

It's among the more unconventional ideas being considered by public agencies facing large deferred maintenance backlogs.

New York City lawmakers spent big on social services. But the budget still leaves the city exposed to cuts by the Trump administration and congressional GOP. 

The top finisher in the Democratic mayoral primary wants the city to issue $70 billion of additional affordable housing bonds. 

To borrow an additional $70 billion, Mamdani would need state approval, said Howard Cure, director of municipal bond research at Evercore Wealth Management.

City comptroller Brad Lander says there's no legal mechanism to issue bitcoin bonds, whatever Mayor Eric Adams may have told a cryptocurrency conference.