TITLE

N.Y. MTA Plans to Sell $600M of Rans Backed by New Payroll Tax

AUTHOR(S)
Phillips, Ted
PUB. DATE
June 2009
SOURCE
Bond Buyer;6/23/2009, Vol. 368 Issue 33136, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that New York Metropolitan Transportation Authority (MTA) is preparing to enter the market with about $600 million of revenue anticipation notes. The bonds will be the first deal backed by a new payroll tax, which enacted by the state in May 2009 as part of a bailout of the transit agency.
ACCESSION #
42872853

 

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