NY state comptroller releases state budget revenue forecast
ALBANY, N.Y. (AP) — The state comptroller has come up with a state budget revenue forecast that’s $190 million above what the administration of Gov. Andrew Cuomo has predicted for New York’s coffers over the next two years.
Thomas DiNapoli released his projections Tuesday night, several days after fellow Democrat Andrew Cuomo and the Democrat-controlled Legislature failed to agree on a revenue forecast from which to base negotiations for coming up with a final budget.
Under state law, when that happens the comptroller must release a revenue forecast for the current and next fiscal years by March 5.
While DiNapoli’s revenue estimate is $190 million more than Cuomo’s, it’s hundreds of millions below what the Assembly and Senate have forecast.
Cuomo has proposed a $175 billion spending plan. The budget is due by April 1.