NY Report Shows Public Authorities’ Debt, Expenses Rising
ALBANY, N.Y. (AP) — New York's Authorities Budget Office reports 577 state and local authorities statewide had outstanding debt of more than $263 billion in 2015, up almost 8 percent since 2011.
The report shows the authorities, involved in public works, transportation and economic development and other projects, have generally increased operating expenses over four years...
