In a recent guest column ("Guest Word," July 6), George J. Marlin and Peter Murphy implied that New York's elected officials are trying to pull a fast one on the taxpayers with debt reform. This is absolutely not the case. The proposed reform amendment advanced by Gov. Mario M. Cuomo would make fundamental changes to the debt management practices of the state, provide a stable funding source for the state's capital projects, and ensure that our debt remains affordable.

Extensive amounts of material such as bill memorandums, fact sheets, and press releases have been made available by both the division of the budget and the state comptroller's office to help individuals understand the amendment. I can only conclude that the authors either have not taken the time to do a thorough analysis or are being intentionally misleading.

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