City of New York, NY

The comptroller report said New York City's reserves mitigate the need for bond financing to fund operations as the city has more in reserve funds than pre-Great Recession and Sept. 11-related recession figures.

The transit agency — its revenues battered, its credit standing weakened and with no federal rescue aid in sight — looks to borrow its remaining $2.9 billion available through the Municipal Liquidity Facility.

The two-notch lowering to A-minus precedes the transit agency's planned $258 million negotiated sale of transportation revenue refunding green bonds.

New York's mayor is shifting $466 million to the current fiscal year’s capital budget to tackle affordable housing needs to offset some of his coronavirus-related cuts.

The securities industry was buoyed by federal stimulus and a massive influx of liquidity, report says.

Finance commissioner Jacques Jiha will succeed Hartzog, Mayor Bill de Blasio announced.

Manhattan Institute recommendations include paring back “unusually generous” benefits and transitioning new employees toward a defined-contribution system.

New York MTA inspector general rails at lax contractor evaluations

Annual debt service could spike to $4 billion by 2024, or up 55% since 2019, making up 24% of the agency's total revenues, Thomas DiNapoli said.

Adam Andrzejewski, CEO of OpenTheBooks.com, cites years of reckless spending and mismanagement. Paul Burton hosts. (14 minutes)

Coping with tighter budgets during the coronavirus, they are looking to cut through a capital construction process fraught with delays and cost overruns.

Municipal bond issuers are coming market at a 26.2% faster pace than they were at this point last year.

Another week of inflows as reported by ICI and the municipal market continues to push on. There is money to put to work, sources say, depending on who is willing.

The program will give recent grads a firsthand experience of working in city government.

Municipals weakened on Tuesday, with yields off by as much as three basis points.

The transit authority, reeling from the effects of the coronavirus, takes another hit from Wall Street.

After COVID-19 left NYC with a ratings downgrade, the city offered retail investors first crack at its $1 billion GO deal. The San Francisco Public Utilities Commission will be the first issuer to publicly list on an international exchange in an attempt to lure foreign investors.

There are plenty of taxable deals on the upcoming week’s new-issue calendar while several large deals from issuers in New York will be in the spotlight after Moody's downgrades.

Some see promise in the endeavor while others are skeptical about Mayor Bill de Blasio's initiative.

Bond analysts and budget watchdogs say the move underscores the need for the de Blasio administration to look within for efficiencies, even if it receives more federal or state help.