State of New York

The Volcker Alliance looks at the state’s outstanding municipal bonds and $83 billion in other obligations and suggests improved transparency and oversight.

The budget proposal reflects the state’s improving financial position, due in part to aid from the federal government.

Gov. Kathy Hochul's “New Era for New York" initiative includes a $10 billion healthcare proposal, a $1 billion plan to help small businesses, middle-class tax relief, ethics reforms and limiting statewide elected officials to two terms.

The New York State Common Retirement Fund also said it invested $2 billion in an index focused on reducing the risks of climate change and capitalizing on opportunities in the transition to a low-carbon economy.

Avoiding even the appearance of representing conflicting interests is important for attorneys and municipal advisors alike.

While move-outs still outpace move-ins, the rate at which people are leaving has slowed and returned to near pre-pandemic patterns. A return by workers to offices is also rising, but occupancy in the city remains lower than almost all major metropolitan areas in the U.S. except for San Jose and San Francisco in California.

Rachael Fauss of watchdog organization Reinvent Albany has a wish list for New York's new governor, Kathy Hochul, that includes a culture shift in budgeting. "We don't want to see business conducted in the dead of night." Paul Burton hosts. (15 minutes).

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.