CBC: Recent N.Y., N.Y.C. Deficit Bond Issuance Will Cost $5.7 Billion

McDonald, Michael
September 2003
Bond Buyer;9/2/2003, Vol. 345 Issue 31710, p6
Trade Publication
Reports that according to independent research group Citizens Budget Commission, sales of bonds by New York and New York City to finance operations will cost an estimated $5.7 billion in interest costs. Cost of long-term bonds worth $2 billion sold by the city; Delay in payments of pension funds by the city.


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