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New York Budget Talks Face Constitutional Reform Debate
Governor Pataki and legislative leaders pressed toward a budget passage this week amid talk of debt reform through a constitutional amendment. Officials cited possible November 2001 enactment of amendments, with bond ratings and borrowing practices under review after staff briefings to Wall Street rating agencies. Opposition figures voiced cautious optimism about timing, while discussing direct tax rebate delivery and school tax credits as part of the broader fiscal plan.
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