New York's independent Authorities Budget Office needs additional funding to effectively carry out its oversight mission, a state task force reported Monday.

The ABO oversees the state's public authorities. Authorities are state and local corporate instruments created by the state Legislature that are generally authorized to issue debt.

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.