Public finance

The county in the New York suburbs received its second upgrade in two months after eliminating cumulative general fund deficits.

The selection includes Acacia Financial Group and Frasca & Associates, each of which is certified as a women-owned business enterprise and Mohanty Gargiulo, a certified minority- and women-owned business enterprise.

Including other post-employment benefit liabilities more accurately reflects debt levels, said state Treasurer Seth Magaziner.

The district wants to spend $619 million on local school projects, with another $191 million dependent on state funding.

One "concerning" aspect of New York City’s economic update is a continued loss of financial services jobs.

The market picked up right where it left off on Wednesday — with unwavering demand from investors.

The insurer seeks at least $720 million from Wall Street firms that underwrote Puerto Rico bonds issued from 2001 to 2007.

The latest report from the state comptroller says $876.8 million was distributed to cities, counties, transit systems and special purpose taxing districts.

The deal through the Indianapolis Local Public Improvement Bond Bank will refund floating-rate debt issued in 2010 to a fixed rate.

The gas tax has fallen short of meeting infrastructure needs, and cities need new solutions.

The board, voted unanimously to certify that the city’s financial house is in order.

Assured Guaranty, the largest municipal bond insurer, is buying BlueMountain Capital Management LLC for $160 million.

Puerto Rico’s economic activity index slipped 0.7% in June from a year earlier, as the economic boost from federal hurricane recovery aid receded.

The airport will sell $1.2 billion of revenue bonds as it proceeds with more than $7 billion of capital improvements.

The bond market had no problems whatsoever digesting the primary and in the process saw yields drop down ever lower, getting ever closer to all-time lows.

The Federal Aviation Administration launched a new investigation into Hartsfield-Jackson airport alleging it may have unlawfully diverted revenue to the city of Atlanta.

The university scaled back its parking and commercial leases at the public-private student housing project, which is dipping into its debt service reserve.

Secretary of Justice Wanda Vázquez Garced said she will swear in as governor Wednesday afternoon.

The Civic Federation endorsed the system's 2020 budget but raised concerns over the community college system's long-term fiscal outlook.

We expect federal money once again to make U.S. cities an example to the world and that public debt will disappear by magic — it won't.