posted on January 08, 2013 13:06
State Comptroller Tom DiNapoli warns the state's heavy debt burden could jeopardize critical infrastructure projects and other capital needs.
The state's fiscal watchdog reports the Empire State has the second highest level of debt in the country and is approaching its legal borrowing limit. He says it's time to return to voter approval of borrowing since taxpayers are the ones who have to foot the bill.
DiNapoli stresses that Hurricane Sandy underscores the need for a serious discussion about public infrastructure and how to pay for it.