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State audit finds big debts for local governments

NOVEMBER 26, 2019 | by Joe Mahoney | PRESS-REPUBLICAN (NEW YORK)

While the local governments were collectively on the hook for $43.6 billion in financial obligations last year, DiNapoli said their penchant for borrowing has leveled off since the Great Recession … ‘When a local government issues debt, it should have a long-term plan in place and be mindful of the impact on its budget and taxpayers,’ DiNapoli said.

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