With their wishes for sweeping reforms of New York's arcane local public finance laws finally granted, municipalities are now trying to figure out what to do with their new financing powers.

Local government officials and municipal bond professionals, who had been urging state legislators for years to modify laws governing debt issuance, say public officials from counties, cities, and towns are reviewing the complex list of reform measures passed this year as part of a relief package from state-mandated spending and regulations.

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