Reported 7 days ago
New York City Comptroller Brad Lander reassured bond investors about the city's financial stability despite Mayor Eric Adams being indicted on bribery charges. Lander emphasized that the city's $112 billion budget and nearly $95 billion in debt are managed by experienced professionals who remain unaffected by political controversies. The city aims to sell $1.5 billion in bonds for affordable housing and projects, continuing a history of timely debt service even through past crises.
Source: YAHOO