N.Y. Budget Lag May Stall MAC Deal

McDonald, Michael
June 2004
Bond Buyer;6/10/2004, Vol. 348 Issue 31902, p1
Trade Publication
Reports on the refusal of New York Governor George E. Pataki to commit to appropriating the state sales tax revenue needed for debt service on the refinancing of the bond of New York City. Impact of the decision of the governor on the sales of the bond; Inability of the city to announce a definitive schedule for the deal; Importance of the appropriation from the state in the refinancing.


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