Printer-friendly versionCBC announces its opposition to the proposed Transportation Bond Act of 2005, which appeared on the ballot in November 2005. The Bond Act would authorize just $2.9 billion of an additional $13.2 billion in new state debt. In explaining its opposition, the Commission released a report, "New York’s Endangered Future: Debt Beyond Our Means," which provides an assessment of how much debt New York State can afford.
