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.

28157343-Ravitch