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NY 'shadow government' debt rises to $140 billion
ALBANY, N.Y. (AP) — The latest state records show New York's public authorities — long criticized as a shadow government subject to little scrutiny — have increased their debt to more than $140 billion.
That's a 16 percent increase over the past five years, reflecting more borrowing even when fiscal times were good and revenue was stable.
Democratic Assemblyman Richard Brodsky said Wednesday...
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