A New York law gives the state’s government until June 15 to consider a four-year plan that would cost at least $457 million to sustain Brooklyn hospitals.

The State University of New York submitted the plan to stabilize its Downstate Medical Center in Brooklyn on June 1 under the law, which was passed earlier this year after the center asked the state legislature for a bailout.

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.