Mar 27, 2025
New York State Assembly · March 27, 2025
The New York State Assembly took up and passed Assembly Bill 3002, the first debt-service budget bill for SFY 2026, appropriating $10.7 billion to support roughly $2.3 billion in cash debt-service payments. Members debated the state's overall debt levels, prepayments, the debt cap and a proposed short-term liquidity financing before the bill passed by recorded vote.
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