New York Borrows Heavily Amid Economic Boom Risks
The New York Times reports July 15 1998 that states chase growth by borrowing while New York engages in a spending spree. A future recession or Wall Street downturn could trigger program cuts layoffs or tax and fee hikes.
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New’ York Times
Golisano profile and NY state governance questions
Paychex founder and CEO Tom Golisano outlines criticisms of Pataki debt policy claiming $20 billion new debt in his term. He rejects special interest funding and PAC influence. He questions tax cuts by noting rising state spending and high education costs per student.
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