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Unbalanced contracts, layers of bureaucracy and weak contract management make New York transit projects expensive and time-consuming, according to Scott Rechler.
June 21
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The authority, one of the largest municipal issuers, will substitute a Bank of Tokyo-Mitsubishi letter of credit with State Street.
June 19
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Municipal bonds were mixed on Thursday as a New York issuer competitively sold $1.6 billion of notes.
June 14
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Municipals qwere mixed a day after the Federal Reserve raised interest rates while in the primary, a New York issuer competitively sold $1.6 billion of notes.
June 14
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Mayor Bill de Blasio and the City Council face a raft of uncertainties about their third straight early budget.
June 13
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The handshake deal boosts reserves, funds a "fair fares" discount for low-income subway riders for one year and provides Fair Student Funding for city schools.
June 12
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Funding questions and palace intrigue accompany Andy Byford's plan to modernize New York City's buses and subways.
June 8
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Municipal bonds were stronger ahead of Friday’s early close as the market will be greeted with $3.4 billion of new issue supply next week.
May 25
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Officials say the cost estimate for what New York City Transit president Andy Byford called "a full overhaul" is a work in progress.
May 23 -
State authorization for design-build use on a Brooklyn-Queens Expressway work is a door-opener, New York City transportation Commissioner Polly Trottenberg said.
May 17
