Sunday, March 4, 2012

Funding deal divides Capitol; State legislative leaders' wrangle over money for Sematech, other priority projects that could add $900 million in new debt.(Main)

Byline: JAMES M. ODATO - Capitol bureau

ALBANY - Gov. Eliot Spitzer and legislative leaders are considering taking on $900 million of additional debt for capital projects, although the total seems to be a moving target.

"I'm not going to put numbers on it," the governor said after a public meeting with legislative leaders demanding a chance to get priority projects funded before the session ends June 21.

The meeting yielded no solid deals other than an agreement to extend the Power For Jobs program through next June.

The program provides discount electricity to employers across the state. Lawmakers and Spitzer want to amend the program but …

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