State of New York

New York State's comptroller cited the strength of the pension system in the drop to 5.9% from 6.8%.

Kathy Hochul, a 62-year-old Buffalo native, will become the state’s first female governor. The former congresswoman has been lieutenant governor since 2015.

The calendar includes $4.25 billion of new money and $2.5 billion of refundings and reofferings, New York State's comptroller said.

The rating agency elevated its outlook to stable on the state’s general obligation bonds and various state-entity revenue bonds.

Andrew Rein of the Citizens Budget Commission and Howard Cure of Evercore Wealth Management dive into the New York City's operating and capital budgets. Paul Burton hosts. (38 minutes)

With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.

Still, Moody's on Tuesday revised its outlook on the New York MTA's primary transportation revenue bond credit to stable from negative while affirming its A3 rating.

Lawmakers packaged revenue, social justice and market positioning while flexing political muscle when they voted to legalize marijuana.

The first quarter of 2021 concludes with $102.1 billion, slightly higher than the $95.3 billion that the market saw in the COVID-ravaged first quarter of 2020.

MTA and regional transportation advocates welcome the news that the Federal Highway Administration is advancing the project.

Sam Turvey of ReThinkNYC explores ways to make New York's Pennsylvania Station complex more functional and aesthetic. Paul Burton hosts (17 minutes).

Under the Transit Tech Lab accelerator program, companies can pilot their technologies with several New York region transportation agencies.

The funding also means the use of state-authorized lockbox funds from Internet sales and mansion taxes to prop up the operating budget is no longer necessary, which allows the agency to issue MTA bonds in 2021, to advance the 2020 to 2024 capital program.

A repricing of Illinois GOs saw the bonds bumped by 12 to 20 basis points from Tuesday's preliminary pricing wires and 17 to 25 basis points from Monday's price talk.

As the governor faces an impeachment inquiry, just how New York State government will function on budget and other matters is an open question.

Two top state lawmakers, who along with Cuomo comprise the “three people in the room” that hash out the spending plan, pulled their support of the New York governor.

Federal Highway Administration officials have told the mass transit agency they would fast-track an environmental review process.

Howard Cure of Evercore and Maria Doulis, formerly of the Citizens Budget Commission, explore New York City's fiscal variables amid the pandemic. Paul Burton hosts. (30 minutes). Recorded Jan. 26.

Transportation officials weigh the potential and pitfalls of this public-private development mode amid a financial squeeze during the coronavirus.

Officials see the Moynihan Train Hall and other works in progress as springboards for the city's revival from the coronavirus pandemic.