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To help state and local governments after the COVID-19 pandemic, Cumberland Advisors is proposing a new municipal security.
April 1 -
The plunge of the financial markets amid COVID-19 stands to push up pension costs — and budget strain — for the city.
March 31 -
Nicole Gelinas from the Manhattan Institute discusses the economic blows to New York City and the MTA from the pandemic, and options available. Paul Burton hosts the program, recorded one week ago.
March 31 -
The Citizens Budget Commission is calling for far larger cost cutting and predicts that New York City could see $20 billion of lost revenues over three fiscal years.
March 25 -
The rating agency, citing severe ridership drops from COVID-19, dropped its rating to A-minus from A. It assigns a negative outlook.
March 25 -
Despite rising 3% in 2019, DiNapoli expects bonuses to drop this year.
March 24 -
The mayor cited COVID-19 as a spending priority while cases in his city represent more than one-third of the nation's total.
March 24 -
The comptroller called for passage of a federal rescue bill and measures to shore up the city budget.
March 23 -
The authority, which tapped its $1 billion credit line and received a warning shot from Moody's, says COVID-19 is a disaster that requires a national response.
March 20 -
If the Federal government doesn't help, the $12 billion plan could be funded by the city selling "relief bonds."
March 19