New York government leaders reached an agreement Tuesday to create a Financial Restructuring Board for Local Governments.

Gov. Andrew Cuomo announced that he had reached an agreement with Senate Majority Co-Leaders Dean Skelos and Jeff Klein and Assembly Speaker Sheldon Silver on the legislation to create the board.

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.