Tag: Debt

Now the state is facing complaints by districts that the process to obtain their piece of the pie is too lengthy and complicated. A study by the Empire Center called the rollout to local districts "sluggish and haphazard." The fiscally conservative center also questioned how the borrowed money is being spent, with such a sizable portion going for construction, not the new technology on which the bond issue was sold to voters. Read More

The pork may be returning to the state budget. State lawmakers and Gov. Andrew Cuomo quietly have stashed away $1.2 billion for pet projects, and they are starting to spend it: about $187 million for 588 projects across New York, a report from the Empire Center, a watchdog group in Albany found. Read More