City of New York, NY

The city comptroller is monitoring the markets amid a projected $8.7 billion revenue gap and a possible 22% unemployment rate by the end of June.

Better technology can help enhance efficiency, analysts and civic leaders say.

The Municipal Liquidity Facility is not enough to counter the fiscal effects of COVID-19, says the man who helped rescue the city from its 1970s fiscal crisis.

Size, timing and structure hinge on market variables, senior manager Jefferies said.

"This is undoubtedly the toughest time in MTA history," said Patrick Foye, who has asked Congress to double its $3.8 billion relief package.

The rating agency delivered the latest coronavirus-related hit to the city's ratings by cutting its outlook. The city's GO bonds were affirmed at AA.

The New York City Council is set to unveil a COVID-19 relief package of bills that include help for small businesses and tenants.

Despite severe budget stress, the city and state can take some meaningful actions, such as reviving the restaurant industry, expanding the role of P3s and rebuilding multi-purpose infrastructure, analysts say.

In the wake of the COVID-19 pandemic, the city's budget shrinks by $6 billion.

Its series of responses provides a greater understanding of the city’s history, says NYU Wagner's Mitchell Moss.

The authority, which Moody’s dropped to A2 from A1, seeks a further $4 billion from Washington and has paused its capital program.

New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.

Rachael Fauss of Reinvent Albany explores cash-flow remedies for the mass transit system amid the COVID-19 pandemic, including the Federal Reserve possibly buying MTA bonds. Other topics include data transparency. Paul Burton hosts.

Biweekly webinars on Zoom will help city small businesses and MWBEs stay afloat in difficult economic times.

The council wants to focus on the social safety net in light of the COVID-19 pandemic.

Despite a muted month of March due to the COVID-19 pandemic which included two weeks of no negotiated deals, muni bond issuers still sold more long-term debt than they did during the first three months of 2019. Issuers accounted for a total of $84.87 billion of bonds throughout 2,119 transactions, compared to $75.84 billion in 1,809 deals in first quarter of 2019. The top 10 features five newcomers from a year ago, including the top spot.

Forced selling continues and credit spreads are widening as much as 200 basis points in spots making for a large bid-ask disconnect in the market.

Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.

The rating agency expects a 'sudden and severe decline in the city's sales and income taxes' as a hit to the city's budget and economy from the coronavirus crisis.

To help state and local governments after the COVID-19 pandemic, Cumberland Advisors is proposing a new municipal security.