Cuomo wields 1st veto on school bonding for pensions
Photo credit: Charles Eckert | In this file photo, New York State Gov. Andrew M. Cuomo and New York State Senate Majority Leader Dean Skelos speak to the media. Gov. Andrew Cuomo has vetoed a bill that would have let school districts issue bonds for pensions. (June 30, 2011)
Calling borrowing money to finance pension costs as financially reckless, Gov. Andrew Cuomo has vetoed a bill that would have let school districts issue bonds to pay for the cost.
"The people of the state of New York have made it clear that they will no longer tolerate the fiscal irresponsibility and reckless spending that has driven their property taxes through the roof," Cuomo said in vetoing...
