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New York faces another iceberg

Think of New York State and its 3,200 employer-entities (state, county, municipal, school districts, towns, villages, and public authorities) as the Titanic, steaming on its maiden voyage. Now think of the Empire State’s off-the-books debt as icebergs. New York dodged one financial iceberg April 1 when it approved a balanced budget without the usual resort […]

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