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Last year, debt at the state's public authorities reached $244 billion, rising from $215 billion the year before, according to a report by the state comptroller. That includes $58 billion worth of bonds issued on behalf of state government. Spending jumped from $44 billion to $56 billion during the same period. The 1,169 state and local authorities range from the MTA to the Rensselaer County Water and Sewer Authority. The public typically has no vote on their indebtedness.
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In the Press...
Council Speaker Urges Stormproofing as Civic Conversation Shifts (NY Times)
Brooklyn Democratic Senator-Elect Simcha Felder Defects to GOP (Daily News)
Refugees Grapple With Hotel Living (Wall Street Journal)