On Mar 6, 2019, the City priced its first GO sale for the calendar year and the first since Moody’s upgraded the City’s GO rating to Aa1. This marks the second bond sale for Marj Henning (pictured here with Alan Anders, Deputy Director at OMB) in her capacity as Deputy Comptroller for Public Finance at the City Comptroller’s Office.
For more details on the GO sale, read the March 6, 2019 Press Release.
The Mayor’s Office of Management and Budget (“OMB”) publishes a quarterly report that provides commentary on City economic growth, financial market conditions, labor markets and real estate.
NYC is the hub of the largest metropolitan economy in the United States. This July 2018 report by the NYC Department of City Planning studies the post-recession shifts in the region’s changing geography of jobs and labor force.
Thank you for visiting the new OMB Investor Relations website.
We hope that you find the new format and additional information useful. Content that OMB plans to update on a regular basis for investors’ review include:
Additionally, we will periodically include web links and content extracted from OMB publications, for example, the Financial Plans and/or the Quarterly Report on Current Economic Conditions, which investors have in the past found useful.
This website supplements and does not replace the various bond issuer websites already available through nyc.gov. It does add content not previously available on nyc.gov for City General Obligation bonds. We appreciate any feedback on the new web site to our Director of Investor Relations, Jason Goh.
As always, prospective investors for bonds should carefully review the Official Statements. Offers to purchase New York City bonds can only be made through a registered broker-dealer and through an Official Statement.
It is fitting that the launching of the website coincides with Moody’s Investor Service’s recent upgrade of City General Obligation Bonds from Aa2 to Aa1—the highest rating in the City’s history—and next week’s “Grand Opening” of shops, restaurants, public square and gardens in the Hudson Yards neighborhood.
Last but not least, we also congratulate Marjorie Henning for her appointment as Deputy Comptroller for Public Finance at the City Comptroller’s Office.
NYC Office of Management and Budget