Andrea Stewart-Cousins's posts related to Villages

Saves Taxpayer Money and Increases Flexibility for Local Governments

(Albany) - A mandate relief bill sponsored by Senator Stewart-Cousins was approved by the State Senate Wednesday. Senate bill 6634A would extend the repayment terms of short term loans issued to local governments in 2007 and 2008 -- the beginning of the economic downturn. The repayment terms would be extended from five to seven years, which will save local governments hundreds of thousands of dollars over the two year period.