The 2007 reform of New York State’s workers’ compensation laws was intended to reduce costs to employers. The policy change also began the gestation of a new credit that is expected to come due in the second week of November.

Next month, the Dormitory Authority of the State of New York plans to sell the first piece of what could total $4.55 billion of taxable and-or tax-exempt bonds to partially fund liabilities to the state’s special disability fund, which will close to new claims on July 1.

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