Gov. Pataki Wants More TFA Bonds

Cataldo, Adam L.
January 2005
Bond Buyer;1/21/2005, Vol. 351 Issue 32054, p1
Trade Publication
This article reports that New York Governor George Pataki wants to give New York City's Transitional Financing Authority (TFA) the power to issue an additional $2.8 billion of debt to help pay for school construction costs. David Ernst, a spokesman for the New York State School Board Association, said the increase in authorization was included in the budget Pataki presented on Tuesday. The TFA sells municipal bonds to help finance capital improvement projects for the city. Since 1997. the authority has sold $16.1 billion of debt through 61 issues.


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