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The state "has the ability to continue to pay for most debt service and pension contributions" whether or not a budget is passed. State law mandates a monthly set aside for debt service on GOs and sales-tax revenue bonds and this mandate has not been breached.
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GOs are (general obligation bonds)
a of municipal bond in the United States that is secured by a state or local government's pledge to use legally available resources, including tax revenues, to repay bond holders.
https://www.bloomberg.com/news/artic...s-its-politics
Fox News and RT 'news' are very similar in many ways and mostly full of shit.