State Comptroller Tom DiNapoli Credit: DiNapoli’s Office
The state received $12 billion from federal relief. Lawmakers also have increased corporate and personal income taxes on wealthy New Yorkers.
State Comptroller Thomas DiNapoli said in a new report that he is concerned lawmakers will take advantage of the money and spend at an unsustainable level.
DiNapoli said he believes there is a missed opportunity to set aside the new revenues to make sure the state is in a good position in case of an emergency, such as another lockdown.
The state spent over $175 billion last year during the pandemic.
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