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Sen. Rick Scott of Florida routinely chides New York Gov. Andrew Cuomo for his financial habits.

“Floridians shouldn’t have to backfill New York’s state budget and pension fund,” Scott said in April while blasting the Empire State’s pleas for federal COVID-19 relief.

“Cuomo has consistently misused taxpayer dollars and refused to ever cut government waste,” Scott in June wrote in a New York Post op-ed.

But Scott and his wife, Ann, are now helping New York finance public debt, purchasing between $2.2 million and $4.5 million worth of revenue bonds during September, according to new US Senate investment transaction disclosures.

The Scotts’ purchases include bonds for the New York State Urban Development Corp. (between $1.35 million and $2.75 million), Dormitory Authority of the State of New York (between $500,000 and $1 million), and the New York City Municipal Water Finance Authority (between $350,000 and $750,000), the Senate transaction disclosures state. 

All of the bonds’ rates are 5%. 

The purchases, the values of which are only required to be disclosed in broad ranges, add to the Scotts’ already sizable New York government-related debt holdings. Earlier this year, the Scotts disclosed between $1.1 million and $2.25 million worth of New York City Municipal Water …read more

Source:: Businessinsider – Politics


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