City of New York, NY

Most top 10 issuers for 1H are from New York and California, with four from New York and two from California.

Personal income tax data indicates the stock market slump is taking a toll on tax collections, Comptroller Brad Lander said in a report on the city's finances.

More frequent and extreme rainfall can produce amounts of stormwater runoff the city’s infrastructure was never designed to capture.

The new credit received a triple-A from Fitch Ratings and a AA+ from S&P Global.

Hosting a World Cup game brings a variety of economic benefits to cities and counties, from increased spending by fans and tourists from around the world to burnishing a region's reputation.

The finance team is already lined up for the first of multiple issuances of bonds to help launch the first phase of the $9.5 billion New Terminal One project.

The final budget sets aside about $8.3 billion in budget reserves, which bring them to the highest level in the city's history.

MTA finance director Pat McCoy said issuers need to ask if they are prepared to deal with the requirements attached to federal money.

As summer beckons, it's time for a reporters' roundtable with some of the Bond Buyer's senior staff. Yvette Shields, Karen Pierog, Keeley Webster and Thomas Nocera talk with Chip Barnett about what's hot in their regions and what municipal bond market participants should expect to see in the months ahead. (25 minutes)

The recommendation would build reserves toward a target of 16% of tax revenues in order to prevent drastic service cuts during a recession.

Investors pulled $7.270 billion from muni bond mutual funds in the week ending May 11, per ICI data, while exchange-traded funds saw $1.756 billion of inflows, the fourth week of record inflows.

On the buy-side, weakness, outflows, supply issues, and poor liquidity are making life challenging for municipal bond investors. The same could be said for issuers.

Deep-in-the-red municipal returns are not helping assuage investor concerns, creating a negative feedback loop that has yet to see a pause.

Despite compelling yields and ratios, buyers continue to be selective. Even if rates stabilize, municipal investors will likely be cautious for some time, waiting for fund outflows to abate, strategists said.

Fitch Ratings revised its outlook on the city's AA-minus rating to positive ahead of a $1.08 billion general obligation bond sale.

The Louisiana House passed a bill to limit firms that "discriminate" against the firearms industry from government business. A similar bill was vetoed last year.

Improving tax revenues allowed the mayor to increase the size of his spending proposal while keeping the budget balanced.

Panelists discuss the implications of working from home in a hybrid manner, rising crime and falling mass transit ridership, vulnerable revenue sources and the lack of affordable housing at a New York Fed event.

Davey will oversee operations for the city’s subways, buses, paratransit services and the Staten Island Railway.

More outflows from municipal bond mutual funds were reported as bid lists surpass $1 billion 22 times in 2022.