Albany set to borrow $10M following cash flow challenges
Posted
Julia Barcello (via News10 - NYC)
ALBANY, N.Y. (NEWS10) -- Albany is seeing cash flow challenges with no money left in the reserves. To get through the end of the year, the city is borrowing $10 million on Wall Street to pay for operating costs, including the salary for city employees. The city issued revenue anticipation notes, also known as RAN, [...]
