Warning that state debt is projected to reach $63.7 billion by the end
of the fiscal year (and with current debt second in the nation only to
California), state Comptroller Tom DiNapoli on Thursday re-upped a
series of borrowing reform proposal, including requiring voter approval
of all borrowing.
But the state Division of Budget rebuffed the comptroller’s methods for
calculating state debt, claiming that DiNapoli is including in his total
debt that is not recognized as the state’s responsibility. Thus,
state-supported debt (which DiNapoli’s calculation includes) actually is
$49.6 billion.
Click here for the full article.
Source: timesunion.com (via The Empire Report)
No comments:
Post a Comment