• HOME :
  • NEWS :
  • REPORT: NEW YORK SITTING ON A DEBT BOMB

Report: New York sitting on a debt bomb

SEPTEMBER 27, 2018 | by Will Bredderman | CRAIN'S NEW YORK BUSINESS

“… 'Many taxpayers are unaware that their state governments are allowed to promise money that they don't actually have,' said Sheila Weinberg, founder and CEO of Truth in Accounting. 'Running up these obligations is like the government putting this debt on taxpayers' credit cards.' … James Parrott, an economist at the city's New School, pointed to Truth in Accounting's ties to organizations funded by conservative billionaires Charles and David Koch and suggested the report had a 'right wing' bias. …”

NEWS

Create your own charts

VIEW LESS