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Paterson faces deadline to balance state books; factions remain divided Jump to full article: Albany (NY) Times-Union, 2009-10-22 Author: RICK KARLIN, Capitol bureau
Intro: Paterson, a former Senate Democratic leader, and Sampson clashed in public for the second time in just over a month. The Senate leader suggested that refinancing tobacco bonds could generate $500 million (that move, however, would add to long-term costs). Tobacco bonds are payments the state makes in return for up-front cash it received from federal tobacco lawsuit settlements.
Paterson called the idea a "non-starter" and, after the meeting, said the notion represented "phony revenues."
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