Watchdog group: NY State to hit record debt

Submitted by brian on Sun, 10/15/2006 - 10:31am.
Borrow and Spend Republicans in the Senate and Governor's office have been at it again. This from the AP:
ALBANY, N.Y. -- This year state government's debt will reach a record $49.7 billion, or $3,515 for every adult New Yorker, according to an independent watchdog group.
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The Citizens Budget Commission said the state's debt has doubled since 1993, including an 8-percent increase of $4 billion in the last year. "New York state debt is out of control," said commission President Diana Fortuna. "Before legislators attend to their personal finances, they should attend to the people's business and fix New York's broken debt limit."
It's time for a NEW Team for a NEW New York!