TITLE

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

AUTHOR(S)
McDonald, Michael
PUB. DATE
September 2003
SOURCE
Bond Buyer;9/2/2003, Vol. 345 Issue 31710, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10740367

 

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