Andrew Coen
The Bond Buyer
Hempstead, NY, United States
Contact Andrew
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by Andrew:
Governor signs New Jersey tax incentive legislation
The new corporate tax incentive legislation includes an annual cap for a key component, in an effort not to repeat the mistakes of its predecessor program. → Read More
Town of Hempstead, N.Y., upgraded on strength of surplus from CARES Act
Moody’s Investors Service upgraded America's largest township one notch to Aa1 from Aa2 citing strong reserve levels during the COVID-19 pandemic bolstered by federal aid. → Read More
New Jersey revenue outlook could shift based on coronavirus
Garden State revenues increased in November based on recently enacted tax increases, but analysts say a sustained fiscal rebound hinges on progress confronting the COVID-19 pandemic. → Read More
Nassau County budget nears NIFA approval with $473M refinancing deal
Lawmakers approved a plan that would have the Nassau Interim Finance Authority issue 15-year deficit finance bonds to achieve debt savings. → Read More
Philly's proposed development impact tax would spur $400M bond program
City Council-approved residential construction tax and changes to a property tax abatement program paves the way for a borrowing plan that would aid the city’s poorest communities. → Read More
Budget surplus during pandemic earns Atlantic City positive Moody's outlook
Jersey Shore gambling hub's financial progress under state supervision amid coronavirus headwinds prompted rating agency to revise junk-rated city's outlook to positive. → Read More
Republican flip of New Hampshire legislature may mean lower taxes
With both houses now under GOP control, Gov. Chris Sununu will have an easier time with his agenda. → Read More
Suffolk County, N.Y., downgraded amid coronavirus budget stress
The Long Island county received its third credit downgrade this year as lawmakers prepared a 2021 budget with massive cuts to cope with virus-induced revenue losses. → Read More
Demographic constraints land Vermont a negative rating outlook
S&P Global Ratings revised the outlook on Vermont’s AA-plus general obligation bond rating to negative from stable. → Read More
New York Senate election results keep Cuomo control on fiscal proposals
The Democratic governor will have continued powers to thwart proposed wealth taxes he opposes from progressive members of his party after Republicans prevent veto-proof majority in state senate. → Read More
Government disclosure during COVID
Rachael Fauss of watchdog Reinvent Albany discusses the importance of transparency amid the pandemic. She also explores state-agency debt and the Fed's Municipal Liquidity Facility. Paul Burton and Andrew Coen host. Recorded Nov. 2 (19 minutes) → Read More
Debt refinancing concerns hampering Nassau County budget process
Republicans in the New York county's legislature oppose the debt restructuring, which would save the county an estimated $285 million in interest next year. → Read More
Suffolk County, N.Y., explores Fed borrowing facility for TANs
Low-rated Long Island county looking to tap the Federal Reserve’s lending program for an upcoming note deals if rates beat the muni market. → Read More
Philadelphia 76ers chasing arena after bond-supported bid falters
The NBA team's plans for an arena financed with development bonds were dashed when a city-linked organization advanced a non-sports-centered waterfront plan. → Read More
FHN Financial boosts public finance reach with New York hires
Memphis, Tenn-based FHN, a division of First Horizon Bank, announced Wednesday the hiring of two municipal bond veterans to its New York City team focusing on infrastructure in Evan Levine and Crystal Mullins. → Read More
Spring won't be better for student housing P3s, analysts say
Declining occupancy levels at privatized student housing projects are likely to continue into early 2021 as the sector confronts headwind from the COVID-19 pandemic, according to analysts. → Read More
Biden victory may boost Gateway project
Proposed upgrades to the 110-year-old tunnel linking Manhattan and northern New Jersey have hit roadblocks under President Trump. → Read More
New Jersey budget agreement seeks cushion against virus headwinds
New Jersey's $32.7 billion budget for its shortened nine-month fiscal 2021 includes the state's largest reserve levels in more than a decade as a backstop for revenue hits that may result from a possible second wave of coronavirus. → Read More
Philadelphia city treasurer ousted for past fraud charges
Philadelphia is confronting a sudden change in its financial leadership following the firing of its treasurer, Christian Dunbar, when he was hit with multiple federal charges tied to alleged immigration fraud and embezzlement schemes unrelated to city operations. → Read More
New Jersey's fiscal woes may rise with planned borrowing, analysts say
Analysts warn that borrowing planned in a revised New Jersey budget will result in lasting fiscal distress as it pays back the debt. → Read More