The first quarter update to New York State’s 2009-10 financial plan will be released by the Governor’s Division of the Budget sometime this week. The plan is expected to reflect the potential for a significant deficit this year, and worsening budget shortfalls in the next three years, due to a shortfall in tax receipts during the April-June quarter. Meanwhile, to provide some opening context, here is a chart of actual All Funds disbursements since 1998-99, with projected figures through 2012-13:
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