Surplus vs. Debt Service

Cataldo, Adam L.
June 2006
Bond Buyer;6/12/2006, Vol. 356 Issue 32400, p39
Trade Publication
The article reports that the budget surplus of New York City will reach about $5.5 billion at the end of fiscal year 2006. Concerns, however, have been raised that the city will face substantial future gaps due in part to increasing costs from debt servicing. The issues' implications for local finance are also cited.


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