NYC Bonds

Overview

Purpose of NYC bonds

New York City sells bonds to finance the construction and repair of infrastructure projects such as roads, bridges, schools, water supply, and wastewater treatment systems. The City determines projects through the capital budgeting process. Projects must have useful lives of five years or longer to be funded by debt (three years or longer for information technology projects).

New York City also issues bonds to refinance outstanding bonds for interest savings, which saves money for taxpayers and ratepayers. Refinancing bond sales are strictly economic and do not extend the final maturity of the debt or cause increases in debt expense.

Issuance of NYC bonds

The Comptroller, through the Bureau of Public Finance, and the Mayor, through the Office of Management and Budget, share the responsibility for issuing bonds and notes backed by:

Working with the Office of Management and Budget, the Comptroller’s Office determines and approves structures, terms, and conditions for all City debt. The Comptroller also reviews and approves debt issued by:

The Comptroller also participates in the issuance of Hudson Yards Infrastructure Corporation (HYIC) bonds, among others.

In addition to issuing debt, the Comptroller’s Office actively monitors the City’s outstanding bonds and handles debt policy and administrative matters.

Municipal Advisor Disclosures

Notice and Disclaimer

Under no circumstances shall the information on this website constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Offers to purchase securities may be made only through a registered broker-dealer and through an official statement.

The information contained on this website has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein.

Bonds may not be sold, nor may an offer to buy be accepted, prior to the time an Official Statement is delivered in final form. A definitive Official Statement with respect to any bonds will be made available concurrently with their sale. A Preliminary Official Statement for any bonds may be obtained from the firms listed on the cover of the Preliminary Official Statement and on this website.

Any Preliminary Official Statement relating to bonds included on the Upcoming Transactions page is provided only as a matter of convenience.

For investment advice on bonds, please contact your investment advisor.

No statement found on this website is incorporated by reference in any Official Statement for the bonds and no statement on this website is part of any Official Statement.

By choosing to continue and view the information on this website you are acknowledging that you have read and understood and accept the terms of this Notice and Disclaimer.

$288.59 billion
May
2025