New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for the state, New York City, and their major public authorities during the first quarter of 2017.

The planned sales of $4.27 billion include $2.97 billion of new money and $1.30 billion of refundings or reofferings as follows:

• $1.73 billion scheduled for January, of which $1.59 billion is new money and $140 million is refundings or reofferings.
• $1.14 billion scheduled for February, of which $379 million is new money and $765 million is refundings.
• $1.4 billion scheduled for March, of which $1 billion is new money and $400 million is a refunding.

The anticipated sales in the first quarter compare to past planned sales of $7.57 billion during the fourth quarter of 2016, of which $3.46 billion was new money and $4.11 billion were refundings or reofferings, and $6.74 billion during the first quarter of 2016, of which $3.82 billion was new money and $2.92 billion were refundings.

The State Comptroller’s office chairs the Securities Coordinating Committee which was created by Gubernatorial Executive Order primarily 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.

The schedule will be modified and updated in response to changes in program needs and market conditions. It is also contingent upon execution of all project approvals required by law. The schedule is released by the committee to assist participants in the municipal bond market. A new schedule is released every quarter and updated as necessary. The collection and release of this information by the Comptroller is not intended as an endorsement of the proposed issuances it contains, many of which will be subject to approval by the Comptroller.

The prospective first quarterly calendar includes anticipated bond sales by the following issuers: Dormitory Authority of the State of New York (DASNY), Empire State Development (ESD), Metropolitan Transportation Authority (MTA), New York City Municipal Water Finance Authority (NYCMWFA), New York State Energy Research and Development Authority (NYSERDA), New York State Housing Finance Agency (HFA), and Triborough Bridge & Tunnel Authority (TBTA).

The detailed forward calendar can obtained at: www.osc.state.ny.us/pension/scccalendar.pdf.

For access to state and local government spending and more than 50,000 state contracts, visit www.openbooknewyork.com. The easy-to-use website was created by DiNapoli to promote openness in government and provide taxpayers with better access to the financial workings of government.