New York City's comptroller wants the mayor to pull the executive order he issued in March, when the city needed to quickly purchase ventilators and other coroavirus-related equipment.
Chairman Patrick Foye said the designation will better position the authority to cope with the revenue loss from the coronavirus pandemic.
Comptroller Kevin Lembo forecast a $620 million fiscal 2020 deficit in his monthly update to Gov. Ned Lamont.
The mass transit authority cannot tap the Municipal Liquidity Facility directly, chief financial officer Robert Foran said.
New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.
Amid the market mayhem and work-from-home requirements, Hilltop Securities is adopting new tools to keep clients current on coping strategies.
The bond-financed $420 million expansion project moved forward over the objections of board members who questioned the timing amid plummeting tax revenues.
The worst is yet to come from the coronavirus pandemic, said the commonwealth's revenue secretary, Dan Hassell.
The rating agency, citing severe ridership drops from COVID-19, dropped its rating to A-minus from A. It assigns a negative outlook.
The timing of a $1.5 billion deal California had planned to price Thursday is no longer firm amid massive dislocations in the markets.