The New York State Supreme Court's appellate division yesterday rejected an attempt by taxpayer activist Robert L. Schulz to block the use of appropriated debt to finance a multibillion-dollar transportation plan.

The decision by the five-judge panel supports the state's contention that the bonding plan, as well as the sale of all appropriated debt by the state, is based on firm legal precedent established in the so-called Wein cases of the late 1970s.

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.