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State budget shortfalls — not the worker’s problem

There is an old saying: If you borrow a couple of hundred thousand, it is your problem; if you borrow a couple of million, it is the loaner’s problem. I called the New York State Dormitory Authority (NYDA) and the Office of Mental Health (NYOMH) and asked them a simple question: How much of their budget goes to paying the bonds raised to build the various NYOMH buildings across the state? The responses I got ranged from “we don’t have that information” to “why are you asking” all the way to “that is confidential information available through the governor’s office only.”Here is why I was asking: The Dormitory Authority had held the title to the 850-acre Harlem Valley Psyche Center (HVP) because of outstanding bonds, all $16 million of them, which had been used to finance capital projects at the psychiatric center. The NYDA sold it all for $3.95 million to Dover Knolls Development Company. So, what did they do with the original $16 million construction and refurbishment bonds? Did they pay them off? Nope. Did they defease them? Nope. They simply moved them from an NYDA line item in the state budget to “another line item” somewhere. Taxpayers are still paying off those bonds. When we were first looking at changing the HVP in the early 1990s to private use, the problem was the bonds, big fat bonds, Michael Milken and Ivan Boesky bonds paying “investors” (bond holders) 22 percent and 24 percent a year. Yes, you read that right, almost a quarter of the original investment paid, every year, to Wall Street bondholders.Now, let’s not make a big deal out of one psych center. Never mind that there are 29 such centers in New York state alone. Let’s ask where the other New York state junk bonds are while taxpayers lay out horrendous interest. Airports, tunnels, bridges, highways, power grids, schools — all sorts of bond issues were arranged by Milken and Boesky for mega-interest payments. Across the nation it was happening everywhere. I have no doubt Wisconsin has these same higher-than-normal bonds in its budget. Barron’s magazine estimates that revenue bonds comprise 65 percent of all state debt, up from 40 percent in 1975.I doubt any journalist has ever done due diligence in rooting them out. Why is this a difficult task? Because the politicians want to get re-elected and it is hard to tell the taxpayers to tighten their belts, pay more tax, when your cronies and previous politicians have so poorly run New York state’s finances that taxpayers cough up, at least, $2.5 billion a year in sky-high interest. If the interest rate was closer to commercial rates, the bonds for New York state could only cost $320 million. And what is the state’s deficit projection? $4-plus billion? Seems to me that is reason enough for someone to look into regaining some $2 billion a year.When Argentina was bankrupt and could not pay its international loans, the government there defeased them overnight. In short, they cancelled them, passed a law shredding the contracts, and said, “You money lenders have made enough profit on our backs.” What happened? Outrage in Washington and Europe. Action? War? Sanctions? None. New loans were made in weeks at 1 percent and 2 percent interest. Argentina balanced its national budget within three years and that country is now booming. And they are still playing hardball with outstanding loans at 8 percent, wanting 2 percent! Why not? The country of Argentina is not leaving anytime soon. Simply put, they cannot default, so why pay higher-than-usual rates?I have a suggestion to states’ governors: Stop siding with the fat cats in Wall Street, stop being “honorable” while your predecessors sold the farm from beneath you. Stop blaming the civil servants you hired, the ones you have an honorable contract with, the ones who have paid into pension funds you have raided for decades. Try doing the really honorable thing: Defease the bonds, to hell with bondholders who have profiteered for decades, balance the states’ budgets and bring the economy back. Peter Riva, formerly of Amenia Union, lives in New Mexico.

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Lelah M. Somers

Lelah M. Somers

DOVER PLAINS — Lelah M. Somers, 97, a longtime Dover Plains, New York, resident, passed away peacefully on Saturday, Oct. 10, 2026, at Ferncliff Nursing Home in Rhinebeck, New York. Lelah was born on July 3, 1929, in Pawling, New York, to the late Byron and Lelah (Watts) Brill. Lelah grew up in Pawling and on Nov. 22, 1946, in Pleasant Valley, New York, she married James F. Somers, Sr. Mr. Somers passed away on Sept. 3, 1970. Lelah worked for New York State as a therapy aide for thirty-years and as a senior companion for New York State for thirty-two-years, with specific care provided to the mentally disabled.

She enjoyed taking care of the mentally disabled, was a wonderful mother to her four children, always putting her family first. She is survived by her son, James F. Somers, Jr. and his wife Donna of Dover Plains; two daughters, Doreen Monica of Wingdale, and Frances “Fran” Horton of Dover Plains, who was also her caregiver for many years; seven grandchildren, Debbie, Margie, Leah, Stephanie, Deirdra, Benji and Jimmy and several great grandchildren and great-great grandchildren, and many nieces and nephews, and her step-son, Kenny Elliott. In addition to her parents and husband, Lelah was predeceased by her daughter and son-in-law, Carol “DeeDee” Maile and Gil Maile, her son-in-law, Stephen Monica, and her son-in-law, Benny Horton as well as her companion of over forty-years, Andrew “Mac” McAlravey and her siblings, Ferris Brill, Eleanor Barryann, Richard Brill, William Brill and Barney Brill.

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The art of getting into art school

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Hudson Valley Regional Portfolio Day returns to Poughkeepsie.

Provided

For a young artist considering college, the question isn’t simply whether the work is good enough. It’s which work to show, which school might be the right fit and even whether a creative life can lead to a sustainable career.

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A colorful life together at Atelier Valla

Textile designer Justine Valla sits in her father’s chair, which she painted, alongside her husband, illustrator and muralist Victor Valla, in their Atelier Valla studio.

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I lost the ability to paint after the accident. I struggled to paint again.
— Justine Valla

Husband and wife Victor and Justine Valla share a lavender and pink studio, Atelier Valla, across the driveway from their pink house, nestled into a hillside in Salisbury. The colors, said Justine, “were inspired by Monet’s house at Giverny.”

Creating art has been a lifelong pursuit for both.

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David Ruchman’s “Acquired Taste”

Filmmaker David Ruchman

Bleacher and Everard Photography

In a region known for its vibrant but geographically scattered arts community, discovering something new can require a little effort. The same might be said for finding a new place for an extraordinary meal. While the Northwest Corner, Berkshires and Hudson Valley have no shortage of creative talent, opportunities to experience it — whether on a stage, in a gallery or on a plate — aren’t always just around the corner.

In David Ruchman’s short film “Acquired Taste,” that challenge becomes the premise for an unlikely friendship between Nick, an aspiring young food critic living in an area with limited dining options, and a gruff New York City master chef.

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Follow the Clay Way for ceramic delights

Jane Herold’s beautifully simple dinnerware.

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As the leaves across Litchfield and Dutchess counties rush to make it to the ground, your last chance to peep autumn is fast approaching. On Oct.17 and 18, the 10th annual Clay Way offers peepers a route to follow lined with unique art that rivals the area’s natural beauty.

The two-day event is a ceramics-focused open studio tour through northwestern Connecticut, with a few studios peppered in just over the border in Dutchess County. Featuring nine open studios and 25 participating artists, the tour promises a wide variety of work, from decorative objects to grand vessels and a whole world in between.

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A new home for the unexpected at Kent Fine Art

CAMERON (1922-1995) is on view at Kent Fine Art in Pine Plains through Nov. 14.

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Where can one find the work of an artist associated with occult rituals, surrealist visions and the underground California art scene? In a beautifully renovated former carriage house in Pine Plains, of course.

Unexpected discoveries are, after all, part of what Doug Walla has spent his career making possible. The longtime New York City art dealer and founder of Kent Fine Art, has brought the work of Marjorie Cameron Parsons Kimmel, known simply as Cameron, to his new gallery space. The exhibition, on view through Nov. 14, introduces visitors to an artist whose life and work moved between mysticism, poetry, film and the avant-garde.

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Want more of our stories on Google? Click here to make us a Preferred Source.