Stumbling bull=shakier budget by E.J. McMahon | NY Torch

The stock market's slump—and the economic uncertainty it reflects—should raise a yellow caution flag over New York State's budget outlook.

State $hortfalls shrinking by E.J. McMahon | NY Torch

New York State's budget outlook for fiscal 2020 is improving, according to the Mid-Year Financial Plan update issued today by Governor Cuomo's Division of the Budget (DOB)

The Mid-Year Update—released 10 days past the Oct. 30 deadline, keeping alive the Governor's perfect record of annual tardiness—pegs the budget gap at $3.070 billion for the fiscal year that starts next April 1.  That's down from $4.027 billion as of the end of the first fiscal quarter.

Key Cuomo budget update late—again by E.J. McMahon | NY Torch

How big are the fiscal challenges faced by New York State in second half of its 2019 fiscal year? Are tax receipts and spending living up with projections? What's the outlook for the next few years?

We don't know—because, for an eighth consecutive year, Governor Andrew Cuomo has missed the statutory deadline for producing a Mid-Year Financial Plan Update.

Watch your wallet until the Legislature goes home by Ken Girardin | New York Post

As a 19th-century Manhattan politician once observed, “no man’s life, liberty or property are safe while the Legislature is in session.” Some things never change. On balance, New Yorkers would probably be better off if this year’s legislative session ended ahead of its scheduled June 21 adjournment.
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