City of New York, NY

The federal tax overhaul and belt-tightening at the state level cast a pall of uncertainty over the $88.67 billion preliminary fiscal 2019 budget plan.

Although market conditions are not pristine, with rising yields and little primary action, market participants expressed reason to believe the first week of February will be a positive one.

Municipal bond yields are rising as buyers look ahead to another smaller-than-average slate of sales heading to market next week.

Gov. Andrew Cuomo's plan has drawn strong positive and negative reactions.

Bond traders and buyers will keep an eye on rising yields as the municipal bond market sees a smaller than average primary slate scheduled for sale next week.

Acknowledging budget clouds in Washington and Albany, Mayor Bill de Blasio said his spending plan aims to make New York 'the fairest big city in America.'

Known as “MWBE University,” Comptroller Scott Stringer's series of workshops is designed for such businesses to obtain certification and navigate the procurement process.

First Deputy Mayor Dean Fuleihan put the price tag at $425 million over four years.

City officials intend to fight language that they say would put the city on the hook for emergency repairs by the state-run MTA.

Key variables include how Gov. Andrew Cuomo and the MTA would use the roughly $1 billion projected for mass transit, New York City's role and how Albany would tweak the measure.