Category: NYC
NYC Congestion Pricing Closer To Reality With Biden Admin Seeking Less Rigorous Environmental Review
March 30, 2021 – The Biden Administration, via the U.S. Department of Transportation, requested the Metropolitan Transit Authority (MTA) submits…
NY’s MTA May Be Fiscally Stressed, But State and City Support (and a Blue Congress?) Provide Buffer.
October 6, 2020 – In a report released on Friday, JP Morgan analysts said a bankruptcy scenario is unlikely for…
NYC Prices $1.4B GO Transaction. First Post-COVID Sale Locks In $240 Million In Savings.
August 27, 2020 – New York City priced its first General Obligation transaction since the onset of COVID-19. Based on…
New York City’s TFA Refinances Debt, Locks In Over $370 Million of Debt Service Savings
August 20, 2020 – In a press release released by the Mayor’s Office of Management and Budget, Comptroller Scott Stringer…
Moody’s: Schools Reopening Is Credit Positive for New York State, City and MTA. But Gains Could Be “Short-Lived”.
August 20, 2020 – In a note issued last week, Moody’s Investor Service opined that reopened schools would be credit…
Opinion: New York’s Large Bond Issuers Must Do More To Elevate Black-Owned Public Finance Firms
June 5, 2020 – All things considered, the $4 trillion U.S. municipal bond market has been welcoming of Black-owned public…
NYC’s Personal Income Tax-Backed Bonds Receive Warm Investor Reception; Oversubscribed by 11x
May 13, 2020 – New York City’s premier credit – the AAA-rated Transitional Finance Authority (TFA) – received a warm…
Ahead of NYC’s First Post-COVID19 Bond Sale, Fitch and S&P Affirmed TFA (Personal Income Tax and Sales Tax Credit) at “AAA”, With Stable Outlook
May 9, 2020 – Ahead of a $726 million tax-exempt and taxable subordinate-lien bond sale next week, rating agencies affirmed…
NYC Tax Commission Shined Light On Glaring Inequities in Property Tax System
January 31, 2020 – The New York City Advisory Commission on Property Tax Reform (“Tax Commission”) issued a landmark report…
BofA Tops NY League Table. Wells Fargo Shut Out – Head of Public Finance Seconded To Bill Daley’s Government Affairs “A-Team”
December 23, 2019 – Based on Thomson Reuters data released this morning, BofA Securities retained its traditional lead atop the…
