New York’s newly enacted state budget includes what looks like the biggest, juiciest capital pork pie Albany has cooked up since before the Great Recession. The State and Municipal Facilities Program first popped out of the budget oven last year in the form of a $385 million appropriation, of which $26.65 million was spent. Read More
The Cuomo administration reportedly is talking with labor leaders about tapping public and private pension funds to help pay for state infrastructure projects, including a multi-billion-dollar replacement for the Tappan Zee Bridge... Read More
Key state lawmakers are introducing what would be the largest state bond issue in New York’s history — a $5 billion environmental bond act. Read More
The ink was barely dry on Governor Andrew Cuomo’s local government “restructuring” bill yesterday when the governor made two more concessions to unions on the issue of binding arbitration. Read More
The good news is that despite increasing pressure on both revenues and expenses, Standard and Poor’s has affirmed the Metropolitan Transportation Authority’s “A” rating, with a stable outlook. Read More
After a decade of increased borrowing — much of it for non-capital purposes — New York will be closer than ever to its statutory debt ceiling in the coming fiscal year, according to a debt impact study issued today by Comptroller Thomas DiNapoli. Read More
Governor Andrew Cuomo and the Budget Division are spreading the word via Twitter that Standard & Poor’s has given its top AAA rating to the state’s $1 billion sales tax revenue bond issue. Read More
The proposed $600 million new public health lab on the Harriman State Office Campus would be state-of-the-art, built on state land and house as many as 600 public employees. Read More