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November 22, 2006
Comptroller Hevesi warns PACB to be cautious about debt
Atlantic Yards Report
State Comptroller Alan Hevesi yesterday warned that the Public Authorities Control Board (PACB) is moving much too fast, thus offering another potential brake on the Atlantic Yards project and many others.
Though the PACB approved an average of less than half a billion dollars in projects per meeting over the last year, it has rushed through projects totaling $11.4 billion in this month and October, Hevesi said.
In December, projects worth several billions more are expected to reach the PACB, which requires unanimity from its three voting members: Governor George Pataki, Assembly Speaker Sheldon Silver, and Senate Majority Leader Joseph Bruno.
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Note that the Comptroller, who faces investigation and possible removal because of his use of state employees to drive his wife, seems to be reasserting his statutory role. To Albany Times-Union political reporter Elizabeth Benjamin, Hevesi is getting revenge on Pataki, who just authorized a special prosecutor to gain subpoena powers in investigating Hevesi. A Pataki spokesman blamed Hevesi and Silver for delaying projects.
Additional links:
PRESS RELEASE
Albany: Hevesi Says Board Is Rushing Projects (NYT)
Posted by lumi at November 22, 2006 8:36 AM