Re: You Can't Make This Stuff Up
New York Seeks to Pay Pension Fund Using Borrowing
By DANNY HAKIM
Published: June 11, 2010
ALBANY — Gov. David A. Paterson and legislative leaders have tentatively agreed to allow the state and municipalities to borrow nearly $6 billion to help them make their required annual payments to the state pension fund.
And, in classic budgetary sleight-of-hand, they will borrow the money to make the payments to the pension fund — from the same pension fund.
etc
http://www.nytimes.com/2010/06/12/ny...ension.html?hp
New York Seeks to Pay Pension Fund Using Borrowing
And, in classic budgetary sleight-of-hand, they will borrow the money to make the payments to the pension fund — from the same pension fund.
etc
http://www.nytimes.com/2010/06/12/ny...ension.html?hp
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