NY State of Politics / Spectrum News 1
New York state is facing a trio of pressures that could have wide-ranging consequences for the budget next year, according to a report released Tuesday by state Comptroller Tom DiNapoli.
Increased spending, combined with lowered expectations for taxes, are creating budget gaps spread over the next several years that combined will reach more than $36 billion. Tax collections, too, are becoming increasingly violatile and harder to predict going forward, DiNapoli warned.
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