Issue Position: Debt Management

Issue Position

Issued over $1.029 billion in new and refinanced bonds saving over $164 million for the State and its institutions.

Saved additional $213,000 on bond issuance by carefully managing the market.

Maintain regular communication and visits to rating agencies in New York.

Maintained the State's coveted AAA credit rating.

Annually post the State Debt Report and Local Government Debt Report online.

Tobacco Authority meeting all internal controls per external auditor.

Retained the State's first bond disclosure counsel to establish statewide standardized processes and disclosure for bond work.

Provide the General Assembly and other state entities with advice and expertise.

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