Paterson looks to lease state assets

September 30, 2008 8:35:29 AM PDT
New York aims to have proposals by January to let private contractors lease state assets that could include the lottery, highways and bridges as a way to trim state costs and provide steady revenue.Gov. David Paterson is creating a panel to study the idea. The panel, with representatives from the Legislature, will come up with ideas based on public-private partnerships worldwide. Paterson is asking for specific recommendations by January, when he delivers his first State of the State address.

State budget preparation begins soon after that.

Sean Patrick Maloney, a top aide to Paterson, emphasized that the Democrat isn't seeking to sell any state assets.

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