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Syracuse mayor questions Cuomo's borrowing plan

ALBANY, N.Y. (AP) — New York Democratic party chairwoman and Syracuse Mayor Stephanie Miner is criticizing Gov. Andrew Cuomo for what she considers his questionable proposal to use borrowing to ease a fiscal crisis for local taxpayers.  

Cuomo has proposed allowing municipalities facing potential insolvency to borrow against future savings in the state's new pension reform plan. Miner tells the Syracuse Post-Standard and The New York Times that seems unwise.

Following her comments, Cuomo's office released a statement Thursday from Republican Onondaga County Executive Joanie Mahoney supporting Cuomo's plan.

Cuomo has said cities need to cut costs and his borrowing plan could help.

Another Democrat, former Assemblyman Richard Brodsky of the Wagner School of New York University, says few think it's wise policy to borrow to pay for current operational expenses.

Copyright 2013 The Associated Press.

 

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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