Metropolitan Transportation Authority

Andy Byford, president of the MTA's New York City Transit unit, said timing relative to budget cycles is essential.

The big New York City and California deals are dominating investors’ attention this week as municipals turned weaker.

The New York City Transitional Finance Authority and the New York Metropolitan Transportation Authority were in the market on Wednesday.

The New York mayor says he will seek federal funding for the $2.7 billion project.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

The Port Authority of New York and New Jersey, the New York Metropolitan Transportation Authority, and Connecticut capped a busy week in the muni market.

S&P last week downgraded the transportation authority, citing weak debt-service coverage.

S&P Global Ratings dropped New York's Metropolitan Transportation Authority to A from A-plus, its second downgrade of the agency in five months.

The legislation, which aims to curb the effects of app-based for-hire vehicles on city streets, may lead to a congestion pricing framework.

New revenue sources for operating and capital budgets are necessary for the transit authority to cover a widening outyear gap, CFO Robert Foran said.