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.

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.