City of New York, NY

Transportation officials weigh the potential and pitfalls of this public-private development mode amid a financial squeeze during the coronavirus.

Nicole Gelinas of the Manhattan Institute explores New York MTA's structural deficits, a capital program on hold and federal rescue needs while ridership has cratered during the pandemic. Paul Burton and Andrew Coen host (21 minutes). Recorded Jan. 4.

Dovetailing on President Biden's clean-energy initiatives, the Employees’ Retirement System and Teachers’ Retirement System voted for the divestments.

The New York mayor rolled out his $92.3 billion preliminary spending plan with warnings about federal and state variables, more pronounced amid the COVID-19 crisis.

The twice-impeached president built his civic reputation on projects such as Central Park's Wollman Rink.

The tentative schedule includes $2.3 billion of new money and $4.6 billion of refundings and reofferings, state Comptroller Thomas DiNapoli said.

As it reaches its 50th year in business, Ramirez ranks 15th industry wide among all negotiated and competitive underwriters with 47 deals totaling $6.1 billion in 2020.

Budget watchdogs and others say the city must do more than just muddle through.

They cite coalition building, learning from past mistakes, project planning and effective outreach during the pandemic.

Eric Enderlin, president of the New York City Housing Development Corp., discusses the agency's programs and bond activity, its work with NYCHA on Section 8 conversion and prospects for change at the federal level. Paul Burton hosts. (18 minutes)

Paltry supply will force the secondary to handle the rest of 2020; New York City taxable general obligation bonds trade up by nearly 20 basis points on intermediate bonds.

Its $17 billion operating plan projects $4.5 billion in Washington assistance next year while sidestepping — for now — doomsday service cuts and layoffs.

ICI reported another $2.3 billion of inflows, new deals continue the march to lower yields and benchmarks rose a basis point seven years and out for the first time since the beginning of December.

It has become apparent that even more creativity will be necessary to pass legislation in the upcoming Congress. The only problem is we do not have the luxury of time.

Munis firmed Friday, only the second time in December they weren't flat, and more than a few participants are waiting on yields to rise before getting involved, particularly given the rich muni/treasury ratios and low absolute yields.

Bid list volume is trending higher into the end of the year, but its share as measured against overall high demand does not pose much of a threat, analysts say. Refinitiv Lipper reports $992 million of inflows.

Conduit issuer Trust for Cultural Resources for the City of New York will issue the $77 million green transaction.

Predictably, the rating agency cited COVID-19 effects in its downgrade to AA-minus from AA.

The outlook revision to New York's AA GO bond rating marks the latest hit to a city coping with a rise in COVID-19 cases and financial uncertainties.

The Center for an Urban Future presents project ideas for coastal resilience and renewable energy.