Assembly Will Barclay
Backdoor Borrowing Drives New York into Debt Overload
Each quarter the state’s Division of Budget releases updates to the state’s financial plan. The latest report which was published earlier this month included, once again, details on state debt. As one might guess, with our state’s reputation for spending, the state debt load is among the highest in the nation. Our outstanding debt is nearly $54 billion, second only to California.