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… Instead of using stimulus funds to balance the budget, reduce taxes or create jobs, the Democrats in the Senate and Assembly spent every dime, then they raised your taxes and spent even more,” Skelos said in a response on NY1, a 24-hour news channel in New York City. “Now, Governor Paterson says things will be different.”
A 4 percent, AA rated New York general obligation bond due in 2029 yielded 4.016 percent yesterday, according to Municipal Securities Rulemaking Board. By comparison, a top-rated tax- exempt obligation yielded 2.89 percent, data compiled by Municipal Market Advisors showed.
Paterson, 55, moved up from lieutenant governor in March 2008 when Eliot Spitzer resigned following a prostitution scandal. Paterson trailed state Attorney General Andrew Cuomo in a hypothetical Democratic primary matchup by about 3-to-1, a Quinnipiac University poll reported last month.

See the full article from “BusinessWeek”