City of New York, NY

Slow utility responses triggered legal action and calls for changes ranging from carrot-and-stick contracting agreements to a municipal takeover of Con Edison.

The move will enhance economic recovery from the coronavirus, the rating agency said.

Stringer sent a letter to Mayor de Blasio on Monday calling on the city to fully fund the indirect cost rate (ICR) initiative.

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

As the Metropolitan Transportation Authority lines up two note sales, the rating agency said the authority could tap into the Federal Reserve’s Municipal Liquidity Facility.

Kathy Wylde, president of the Partnership for New York City, charts a path for restarting the city's economy, including a digital buildup and public-private partnerships. Paul Burton hosts.

Metropolitan Transportation Authority Chairman Patrick Foye called mass transit "the circulatory system of the nation."

The order also creates a chief diversity officer in all city agencies to help with the efforts.

The pandemic has magnified the woes of New York City’s public hospital system — long a problem unit — the comptroller said.

Howard Cure of Evercore Wealth Management and Maria Doulis of the Citizens Budget Commission examine variables related to the city's FY21 spending plan amid the coronavirus pandemic, a deep recession and civil unrest. Paul Burton hosts.

Gil C. Quiniones, president and CEO of the N.Y. Power Authority, discusses how the Empire State’s energy needs are being met during the health crisis. Andrew Coen hosts.

Many minority and women-owned businesses say they can't make it through the next six months without financial help.

Organizers say the goal is for for technologies to make public transit safer, cleaner and more adaptive.

Despite the coronavirus wrecking havoc all over the world and with the brunt of the damage occurring in the second quarter of the year, municipal bond issuers have sold just over $23 billion more than they did at this time last year.

They contribute more than $77 billion annually, or 9.4% of city economic output, according to the city comptroller.

While few observers are content with the new balanced budget, many say they can live with it as they look to an uncertain economic future.

New York City's dynamics include closing an estimated $9 billion revenue gap due to COVID-19 and the volatile matter of police funding.

While reducing the FY21 spending plan to $87 billion, New York's mayor said he needs $1 billion in labor concessions or the city could lay off up to 22,000 workers.

The mass transit agency is staring at a prolonged fiscal calamity with further federal support at a standstill and its $51.5 billion capital program in jeopardy.