Cuomo Considers Pension Funds to Help Finance New Tappan Zee
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New York is considering using public-employee and trade-union pension funds as well as private-equity firms to finance infrastructure, including a new Tappan Zee bridge, Governor Andrew Cuomo said.
The state, which faces as much as a $3.5 billion budget gap for the fiscal year beginning April 1, needs to find alternative financing, the governor said today on WGDJ-AM in Albany.