New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for the state, New York City and major public authorities during the third quarter of 2017.
The planned sales of $8.58 billion include $4.69 billion of new money and $3.89 billion of refundings or reofferings as follows:
- $4.88 billion scheduled for July of which $1.83 billion is new money and $3.05 billion is refundings or reofferings;
- $2.16 billion scheduled for August of which $1.31 billion is new money and $848 million is refundings or reofferings; and
- $1.55 billion scheduled for September all of which is new money.
The anticipated sales in the third quarter compare to past planned sales of $4.68 billion during the second quarter of 2017 and $7.26 billion during the third quarter of 2016.
The State Comptroller's office chairs the Securities Coordinating Committee to coordinate the borrowing activities of the state, New York City and their respective public authorities. All borrowings are scheduled at the request of the issuer and done pursuant to their borrowing programs.
A new schedule is released every quarter and updated as necessary. The schedule is released by the committee to assist participants in the municipal bond market. It is contingent upon execution of all project approvals required by law. The collection and release of this information by the Office of the State Comptroller is not intended as an endorsement of the proposed issuances it contains, many of which will be subject to approval by the Office of the State Comptroller.
The prospective third quarterly calendar includes anticipated bond sales by the following issuers: the City of New York, Dormitory Authority of the State of New York, New York City Municipal Water Finance Authority, New York City Transitional Finance Authority, New York Power Authority, New York State Housing Finance Agency and the Port Authority of New York & New Jersey.
The detailed forward issuance calendar can obtained at: www.osc.state.ny.us/pension/scccalendar.pdf.
For access to state and local government spending, public authority financial data and information on 130,000 state contracts, visit Open Book New York. The easy-to-use website was created to promote transparency in government and provide taxpayers with better access to financial data.