Should New Yorkers Set State Borrowing Limits?
State Comptroller Thomas DiNapoli says that New York is approaching its legal borrowing limit. He says the state is carrying a heavy debt burden that will eventually have to be paid by taxpayers.
DiNapoli says it is time to return to having voters approve additional borrowing. He pointed as well to the cost of Superstorm Sandy and the need to rebuild and reinforce the state’s infrastructure. Do you think that DiNapoli is right in asking that voters approve future the state’s future borrowing? Comment on our Facebook page and vote in today’s Question of the Day: