Metropolitan Transportation Authority

Local, county and state officials said they took initial steps Wednesday in what will become a much larger contingent of elected officials who will jawbone their federal counterparts with testimonials about the cost savings attributable to advance refundings.

Decking over a portion of the 180-acre rail site in Queens could trigger new investments in parks, schools and housing, according to a city study.

Another low volume week is on top, but the scarcity value is driving demand as the market continues to be strong in the face of rising interest rates.

The municipal bond market will see another light new issue calendar next week with volume estimated at $4.86 billion.

New York MTA now puts the tab for the 13-year-late project at $11.2 billion, more than two-and-a-half times its original estimate.

While New York MTA's proposed 2.4% bump in its five-year capital program involved no new funds, it generated spirited debate on several fronts.

Unhedged and hedged variable-rate debt each account for 6% of the authority's $37.3 billion of bonds outstanding, according to Patrick McCoy.

Components of the MTA's bus-overhaul initiative could pave the way for congestion pricing, which New York's state legislature essentially sidestepped this year.

Metropolitan Transportation Authority Joe Lhota defended the agency after a rating downgrade.

Climate Bonds Initiative of London cited the authority's $662 million green sale.