City of New York, NY

A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.

The Volcker Alliance looks at the state’s outstanding municipal bonds and $83 billion in other obligations and suggests improved transparency and oversight.

As New York's new City Council continues to organize, the new mayor, Eric Adams, says how he will achieve his "paycheck in crypto" promise.

The budget proposal reflects the state’s improving financial position, due in part to aid from the federal government.

The latest round of federal aid is not enough to move the needle over the long term.

Mayor Eric Adams’s proposal to ask the state to raise the Transitional Finance Authority’s bonding authority by $19 billion is being opposed by Comptroller Brad Lander.

Gov. Kathy Hochul's “New Era for New York" initiative includes a $10 billion healthcare proposal, a $1 billion plan to help small businesses, middle-class tax relief, ethics reforms and limiting statewide elected officials to two terms.

"There is no person who has done more to keep the New York City budget sound than Ronnie Lowenstein,” says Richard Ravitch. "She is a remarkable public servant.”

Marjorie Henning was named deputy comptroller for public finance and Michael Haddad is interim chief investment officer and deputy comptroller for asset management.

The New York State Common Retirement Fund also said it invested $2 billion in an index focused on reducing the risks of climate change and capitalizing on opportunities in the transition to a low-carbon economy.

New York's incoming mayor must balance some short-term fiscal advantages with longer-term concerns.

The two are in sync, said New York City's incoming comptroller, who will take office Jan. 1.

Jennifer Johnston, director of research, municipal bonds, at Franklin Templeton, talks with Chip Barnett about whether a “Great Migration” from cities like New York and San Francisco is really taking place or is it just an urban myth. (19 minutes)

Eric Adams must deal with the COVID-19 pandemic's lingering effects, which include new remote-work patterns that may affect tax revenue and real estate values.

New York City got a new mayor, comptroller and City Council while Boston and Pittsburgh elected mayors. In New Jersey, final results in the gubernatorial election were still too close to call.

If commuters continue to work from home more often than in the office, their normal spending patterns on things like coffee and lunch will shift and impact business districts, neighborhoods and ultimately tax revenues.

Brad Lander and Daby Carreras jostled over whether the city's move is a sound investment and effective against climate change.

About 84% of minority- and women-owned business enterprises still do not have access to city government spending, according to the latest report.

Peter Delahunt, who spent 26 years with Raymond James, has been hired by StoneX to help build out its muni business.

While move-outs still outpace move-ins, the rate at which people are leaving has slowed and returned to near pre-pandemic patterns. A return by workers to offices is also rising, but occupancy in the city remains lower than almost all major metropolitan areas in the U.S. except for San Jose and San Francisco in California.