Endgame in Albany

McDonald, Michael
May 2003
Bond Buyer;5/15/2003, Vol. 344 Issue 31636, p1
Trade Publication
A debate on the budget entered its final phase on May 14, 2003 as New York governor George E. Pataki announced 3.2 billion dollar in line-item vetoes to the Legislature's 93 billion dollar, fiscal 2004 budget, while the Assembly and Senate prepared to begin overriding the vetoes. If they prevail as expected, the Legislature's budget could become law that would clear the way for 4.2 billion dollar in tobacco bond sales, and also opening the new budget and the state's credit to intense market scrutiny.


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