New York Comptroller Thomas DiNapoli yesterday called for a constitutional amendment to require most state-backed debt be approved by voters and issued by his office.
While DiNapoli’s office released a strategy paper outlining his wish-list of fiscal reforms, Lieut. Gov. Richard Ravitch will be introducing a four-year fiscal plan for the state, possibly before the end of the week. According to published reports, Ravitch’s plan could include a fiscal control board for the state.