Metropolitan Transportation Authority

Northeast municipal bond issuance was up 4% from 2016 to $121.3 billion.

The new chief of the MTA's headline unit must juggle his vision for the agency with crisis management.

Inaction, significant new debt and failure to control labor costs and other cost drivers could pose major bondholder risks, says a Gurtin report.

Analysts say states' and cities' unfunded infrastructure should be viewed as a liability, along with debt, pensions and other post-employment benefits.

A provision in the New York governor's budget plan would enable the Metropolitan Transportation Authority to create tax increment financing districts in New York City.

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

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

The authority realized $534 million in present-value savings from those transactions in 2017, said finance director Patrick McCoy.

A pre-marketing wire on the Sales Tax Securitization Corp.'s $366.2 million of tax-exempts indicates the Chicago deal may see wider spreads than in its bond sale last month.

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.