Don’t just take our word for it

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Don’t just take our word for it!
“DiNapoli: Cuomo Budget Increases Debt, Expands Authority”

 

-Capital Tonight

 

“Taken as a whole, however, Executive Budget proposals would increase the State’s debt load and its reliance on ‘backdoor borrowing.’ The Executive would, in effect, create additional capacity under the State’s statutory debt cap – while actually enlarging its real debt burden – by the technical means of placing certain new debt off-budget and therefore outside the coverage of the legal limit.”

 

-Comptroller Tom DiNapoli’s Review of the Executive Budget

 

Read the whole story here.

Bazzo 02/14/13
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