City of New York, NY

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.

The rating agency lowered GO and other credits, citing the effects of the coronavirus.

The Puerto Rico Housing Finance Authority’s deal came in three times oversubscribed and was an important step in the Commonwealth’s return to the capital markets.

Thirty-four more S&P 100 companies will publicly disclose the composition of their workforce by race, ethnicity and gender, NYC Comptroller Scott Stringer said Monday.

While Scott Stringer and Eric Adams now top list of successors to Bill de Blasio, the political dynamic may have changed in the wake of social justice protests and the COVID-19 pandemic.

Mayor Bill de Blasio expanded furloughs to all managerial and non-represented employees while City Hall also faces an alarming coronavirus spike in some neighborhoods.

Family emotions, union pushback, fears of a new COVID-19 wave, cost drivers and data fluctuations are all at play as the city flip-flops on in-person education.

The move by New York's mayor could precede more citywide action in the absence of federal rescue aid or state-authorized long-term borrowing.

Municipals held firm ahead of a strong supply stream of bonds in a calendar heavy with taxable and green bond deals.

Any bonding to cover coronavirus-related budget gaps should come only with oversight from a reactivated state panel, the Citizens Budget Commission said.

The short-term Municipal Liquidity Facility does not meet the city's needs, the mayor said while repeating his call for borrowing authority from New York State.