State of New York

Siebert's Suzanne Shank and Bill Thompson have joined with NBA veteran player Chris Webber in a new program launched by New York State to fund the growth of the cannabis industry that eliminates barriers for equitable participation.

Almost $25 million of bond funds provided for school technology and security enhancements to state school districts this year from the 2014 Act.

Laura Rabinow of the Rockefeller Institute of Government talks with Chip Barnett about New York State’s $4.2 billion environmental bond referendum. Find out how the Clean Water, Clean Air and Green Jobs Environmental Bond Act of 2022 got on November's ballot and what it will actually do. (20 minutes)

New York’s $220 billion fiscal 2023 budget focuses on environmental and social issues while staying in balance with federal aid and projection-beating revenue.

The state’s personal income tax revenue and sales tax revenue bonds were also lifted from Aa2. Related credits were also upgraded. The rating outlook is stable.

The budget includes a $600 million commitment from the state to subsidize a new stadium for the National Football League’s Buffalo Bills.

Davey will oversee operations for the city’s subways, buses, paratransit services and the Staten Island Railway.

New York State Comptroller Thomas DiNapoli and city Comptroller Brad Lander lauded the SEC’s proposal, saying environmental transparency is beneficial to the state and city pension plans.

To help the city recover faster, former Lt. Gov. Richard Ravitch has proposed a dedicated state-approved revenue stream to provide additional funding for the transit system.

The proposed issuance would refinance some of the New York City Municipal Water Finance Authority’s outstanding bonds.

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.