Members of two New York State legislative committees are discussing a proposal by state municipal leaders to allow local governments to seek deficit bonding authority under a single omnibus bill, county and legislative officials say.

At the moment, each municipality issuing deficit bonds must obtain its own approval from state lawmakers after receiving the green light from its own legislative body.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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