Author Topic: Gov. Cuomo wants all the power and only half the responsibility for its debt  (Read 81 times)


Antieuba

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https://www.municipalbonds.com/risk-management/ratings-downgrade-new-york-s-mta-debt-getting-riskier/

And that debt will be at higher interest rates because it is considered riskier.  No wonder why Cuomo doesn’t want to pay the whole thing.

First screw it up, and then when it costs more to service, weasel out of paying.