Wednesday, March 10, 2010

Ravitch's plan to salvage New York's economy is out

Lt. Governor Richard Ravitch released his plan to salvage New York's faultering economy and maybe begin to payoff the state's $60 billion cumulative deficit.

Ravitch calls for moving the state fiscal year from April 1 to July 1 and for the state to borrow up to $2 billion a year.

As I type, he is briefing legislators on his plan.

Here's the report.


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