With any luck, the coronavirus will be a fading memory by summer. But by then, massive (if temporary) damage will already have been done to the state and regional economies. The Empire State and its local governments, including Gotham, will have to confront a fiscal crisis as intense as the current public-health emergency. Read More
#NYCoronavirus: As they struggle to contain the coronavirus outbreak on the eve of their budget deadline, the state's elected leaders have run out of good options for dealing with Medicaid. Read More
#NYCoronavirus: Not a moment too soon, Governor Cuomo finally has acknowledging that a near-panic in financial markets amid rising fears of a global economic slowdown should prompt a re-set in the state's revenue forecast for the fiscal year that begins April 1, less than three weeks from now. Read More
For the third time in three years, health-care interests are airing TV ads favorable to Governor Cuomo in the thick of high-stakes negotiations over Medicaid funding. Read More
#NYCoronavirus: "Hope for the best and prepare for the worst" is a favorite saying of Governor Cuomo, who has rolled it out again to describe how the state will deal with the coronavirus. But when it comes to the next state budget, Cuomo is hoping for better and preparing for more of the same. Read More
#NYCoronavirus: Amid growing fears that a coronavirus pandemic will severely disrupt the global economy, and with the stock market heading for its biggest weekly losses since the 2008 financial crisis, Governor Cuomo has been oddly quiet about the obvious budget implications. Read More
This week’s stock-market plunge amid mounting fears of a global economic slowdown triggered by the coronavirus couldn’t come at a more crucial time in New York state’s budget-making process. Read More