Using state authorities to fund unrelated debt must end, says NYS Comptroller
By Kathy Kahn During the Roaring 20s, New York created its first public authority—The Port Authority of New York. Since then, that bloated agency has been joined by over 600 “authorities” – a swamp where funding allocated to a specific authority often ends up underwriting unrelated state projects outside its purview. With New York’s state-funded debt […]