New York Governor Cuomo Likely to Veto Bill on School Borrowing

Danny Hakim:

State lawmakers on Friday approved a bill that would allow school districts to borrow as much as $1 billion without voter approval, but a spokesman for Gov. Andrew M. Cuomo said the measure would most likely be vetoed.
Without advance notice and with little debate, the bill won Senate approval late Thursday night, several days after the legislative session had been scheduled to end. The Assembly passed the measure Friday afternoon, and the governor’s office then took the unusual step of publicly opposing the legislation moments after its passage, effectively dooming it.
Elizabeth Lynam, deputy research director at the Citizens Budget Commission, a business-backed group that generally favors lower spending, described the bill as one of the worst things the Legislature had done this session.