N.Y. Sets $112.4B Budget

Whalen, Robert
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, p1
Trade Publication
The article reports on New York State legislative officials' claim that the $112.4 billion budget agreement is expected to generate $11.2 billion of state and city-backed debt for education projects. Governor George Pataki has expressed his displeasure that the spending plan has increased from his $110.7 billion proposal. The budget agreement provides that the state would support $1.8 billion of debt sold through the Dormitory Authority of the State of New York.


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