PUBLIC AUTHORITIES DEBT GOING UP

New York’s public authorities had $151.1 billion in outstanding debt at the end of 2012 according to a state Authorities Budget Office report issued Monday.
That figure marks an 18.6 percent increase from 2008, but the report says that debt issued for authorities’ public purposes declined by 13.5 percent.
The report goes on to say that operating expenses for New York’s 574 state and local authorities have increased at a pace similar to state government.
The annual report is available at www.abo.ny.gov.

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