NYC Bonds

The Comptroller’s Office Continues to Work During Pandemic

The Comptroller’s Office continues to serve the public in these challenging times. Like many New Yorkers, Comptroller’s Office employees are working remotely from home, carrying out the central functions of the office. In addition, the office is working diligently to provide information, resources and support to New Yorkers as we tackle these unprecedented times. To learn more about the Comptroller’s office initiatives, visit the Newsroom Page of our website.

The COVID-19 Resource Center

The resource center established by the Comptroller’s Office provides pertinent information on many of the government programs available to assist New Yorkers in need. It contains critical information on the recent policy changes regarding health and safety, options for financial support for residents and businesses, and other vital information. To learn more about the various initiatives, visit the Resource Center.

Gratitude for Our Health Care Workers and Those Working to Help

We thank our healthcare workers who are putting in efforts around the clock to ensure the care of our citizens. We also thank the first responders, frontline workers, food pantry managers and so many others who are working daily to provide support and essential services. Each night, at 7:00 pm, New Yorkers open their windows and step out on their rooftops or balconies to give thanks. Across New York you’ll hear immense clapping, the banging of pots and pans, music and cheers for two minutes, all in gratitude to those risking their lives every day to keep New Yorkers safe.

George Washington Bridge – Washington Heights

Looking Ahead

The New York City Transitional Finance Authority (TFA) plans to offer approximately $725 million of tax-exempt and taxable new money bonds. Subject to market conditions, we expect to have a one-day retail order period with priority for individual investors on May 12^th, and the institutional pricing on May 13^th. Learn more about this transaction here.

The City and its related issuers actively continue to monitor markets during this time of great uncertainty. Strong federal actions have been taken to stabilize turbulent markets. The Comptroller’s Office and the Mayor’s Office of Management and Budget will continue to work together to ensure that the City’s financing programs will provide adequate capital funding.

We know these are difficult times. Let’s continue supporting each other, doing our part by staying home, and together, we will get through this, as strong New Yorkers always do.

Marj Henning
Deputy Comptroller for Public Finance