New York State Comptroller Thomas DiNaploi had this to say about the Lt. Gov’s fiscal reform plan.

“Lt. Governor Ravitch is right to focus on the state’s fiscal mess. My office is examining his proposals now, but borrowing billions is part of the reason we’re in the current crisis.

“Borrowing to plug a deficit has serious consequences. For every dollar the state borrows, we end up paying two dollars back. And all those dollars we spend paying off debt are dollars that can’t be used to teach our children, keep us safe, provide health care or give taxpayers some relief.

“Our debt costs are already skyrocketing - debt service is one of the fastest growing categories of state spending. More debt would become part of the problem, not the solution.”

To read more click here.