N.Y. Faces Cumulative State Budget Gap of $34.3B, Comptroller Says

N.Y. faces cumulative state budget gap of $34.3B, comptroller says

The gaps as a share of spending reach levels not seen since the Great Recession.

Report: State Faces $34.3B Budget Gap through 2029 - Long Island Life & Politics

By Hank Russell A report issued by State Comptroller Thomas DiNapoli shows that the state’s Financial Plan has a growing structural budget deficit with a cumulative three-year budget gap of $34.3 billion, as forecasted by [...] The post Report: State Faces $34.3B Budget Gap through 2029 appeared first on Long Island Life & Politics.

DiNapoli: State faces $34.3 billion budget cumulative budget gap through FY 2029

Federal Cuts and a Weaker Economic Forecast Could Create Budget Gaps Not Seen Since Global Financial Crisis The state’s Financial Plan shows a growing structural budget deficit with a cumulative three-year budget gap of $34.3 billion, as forecasted by the Division of the Budget (DOB). When accounting for recent federal actions, the gaps as a