New York Gov. Eliot Spitzer yesterday outlined in greater detail a $1 billion proposal to revitalize the economically struggling upstate region, which would use a combination of pay-as-you-go financing and bonding.

Spitzer first mentioned the plan in his state of the state speech last week, and new details were in the first “state of the upstate” speech yesterday, which was meant to focus attention on the needs of the region that has suffered a long period of economic decline. For the purposes of his proposal, upstate is defined as the 48 counties north of Dutchess, Ulster, and Sullivan counties.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.