The Appellate Division of the New York State Supreme Court announced Friday that it will expedite the appeals of two cases that challenge the constitutionality of the state's latest deficit note issue and the sale of debt by the Local Government Assistance Corp.

The appeals stem from lawsuits filed by taxpayer activist Robert L. Schulz, who has sued the state over many of its revenue-raising tactics. On Friday, the court heard oral arguments from Mr. Schulz, who is appealing a state Supreme Court ruling that the corporation, which was established to limit the state's spring borrowing and speed up aid to localities, does not violate the constitution.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.