The New York State Energy Research and Development Authority board will vote today on the appointment of New York Assemblyman Paul Tonko, 58, D-Amsterdam, as president and chief executive officer. Tonko, who has served in the Assembly since 1983, would replace Peter R. Smith who was appointed to the post in 2004 and has resigned, effective June 30. Smith has not announced his future plans.Prior to his election to the Legislature, Tonko was an engineer at the New York Department of Transportation and served on the staff of the Department of Public Service. He also served on the Montgomery County Board of Supervisors, where he became chairman in 1981. He earned a degree in mechanical and industrial engineering from Clarkson University in New York. As an assemblyman, he was critical of the way energy was deregulated in the state by former Gov. George Pataki, which he said did not improve the problems with energy supply that it was meant to address. “Paul has great respect for NYSERDA and the work that they’ve done over the years, he would vigorously continue that work,” said Tonko chief of staff Tom Lynch. NYSERDA is a public benefit corporation established in 1975 to develop energy efficiency projects.
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Municipal bond issuance for the week of March 24 is at $7.923 billion, with $6.673 billion of negotiated deals and $1.251 billion of competitive deals on tap.
March 21 -
The Chicago Public Schools ended the week no closer than it started to answering the question of how or if a scheduled pension payment will be made.
March 21 -
The Los Angeles-based fund manager has expanded into debt financing to offer affordable housing developer clients a lower cost of capital.
March 21 -
Separately managed accounts have exploded in the muni market in recent years but high-yield SMAs remain rare.
March 21 -
The rating agency cited a tax cut package enacted by the state last year and uncertainty over federal policies for the outlook revision to stable from positive.
March 21 -
Washington's latest official state revenue forecast lopped almost $900 million from projected collections over the next four years.
March 21