TITLE

N.Y.C. to Sue State to Get Tax Revenues

AUTHOR(S)
Braun, Martin Z.
PUB. DATE
August 2003
SOURCE
Bond Buyer;8/13/2003, Vol. 345 Issue 31698, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the intention of New York City to sue New York State in order to force the state to comply with a law authorizing the transfer of $170 million in state sales tax revenue to the city and enable the city to proceed with a bond sale as of August 13, 2003. Challenges posed due to refinancing of debt issued by the Municipal Assistance Corp. in the city; Amount of bond transactions planned by the city; Criticism of the planned lawsuit by Local Government Assistance Corp.
ACCESSION #
10574183

 

Related Articles

  • Mass. Builds With $1.5B. Kaske, Michelle // Bond Buyer;3/12/2007, Vol. 359 Issue 32584, p1 

    The article reports on the sale of a $1.5 billion bond issued backed by a dedicated sales tax revenue stream by the Massachusetts School Building Authority in Massachusetts. Proceeds from the sale will be used to finance some 200 or more school buildings throughout the state. The move will...

  • Fitch Upgrades Orange County. Sigo, Shelly // Bond Buyer;8/9/2007, Vol. 361 Issue 32688, p9 

    The article reports on the upgrade of the Orange County's $338.1 million of outstanding sales tax revenue bonds and $108.5 million of outstanding public service tax revenue bonds to AA from AA-minus by Fitch Ratings in Florida. The higher rating reflects consistently strong debt service...

  • Edmond Raise the Ante. Watts, Jim // Bond Buyer;12/6/2005, Vol. 354 Issue 32272, p35 

    The article reports on Edmond City Council's approval of a multimillion revenue bond which is higher than originally scheduled due to steady sales tax revenue and low interest rates. Proceeds from bonds will be used to complete projects under the city's five-year capital improvement plan. Bonds...

  • Forget the Arena. Watts, Jim // Bond Buyer;3/15/2005, Vol. 351 Issue 32090, p31 

    Reports on the claim of Olathe Mayor Michael Copeland that the city needs to move forward with a new arena-less retail project in Olathe, Kansas. Fiduciary responsibility of the mayor to the taxpayers; Plans of the city to use sales tax revenue bonds for half of the project.

  • Summit Co., Utah, Revs Raised to AA-Minus by S&P.  // Bond Buyer;4/5/2006, Vol. 356 Issue 32354, p2 

    The article reports on the increase of the rating given by Standard &x0026; Poor to its rating in Summit County, Utah's sales tax revenue bonds to AA minus from A-plus. The rating reflects a steady improvement in retail sales activity and in debt service coverage levels.

  • Students Watch as Tampa-Area District Prices $54.5M. Sigo, Shelly // Bond Buyer;3/9/2006, Vol. 355 Issue 32335, p36 

    The article reports that about 100 business and finance students in Florida watched as Hillsborough County School District priced $54.5 million of sales tax revenue bonds. Only 10 actually submitted bids for the school district's bonds via i-Deal. The bonds was awarded to Citigroup Global...

  • Opting for Short-Term Capita!, Not More Bonds. Van Dusen, Christine // Bond Buyer;4/15/2008, Vol. 364 Issue 32857, Special section p43 

    The article focuses on the application of short-term modes of capital in Tennessee. This is due to the state's heavy reliance on dwindling sales tax revenue and a consistent reluctance in accumulating debt. Its short-term capital, along with the increasing foreclosure, caused its economy to...

  • N.Y.C.'s Transitional Finance Authority to Sell $600M. Phillips, Ted // Bond Buyer;11/8/2006, Vol. 358 Issue 32504, p36 

    The article reports on the plan of New York City's Transitional Finance Authority to competitively sell $600 million of tax-exempt bond anticipation notes to finance ongoing capital projects. The notes are backed by city personal income tax revenue and sales tax revenue. The authority has $12.74...

  • Denver City Council Green-Lights DURA Bonds. Albanese, Elizabeth // Bond Buyer;5/12/2004, Vol. 348 Issue 31882, p7 

    Reports on the approval of the City Council to the issuance of $275 million of fixed-rate tax increment financing bonds to fund projects related to the redevelopment of the former Stapleton International Airport in Denver, Colorado. Role of the Denver Urban Renewal Authority (DURA) in the deal;...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics