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As the nation’s economic uncertainty continues with a volatile stock market, higher gas prices and inflation, New York state’s budget forecast has also suffered a reversal of fortune.
As the nation’s economic uncertainty continues, with a volatile stock market, higher gas prices and inflation, New York state’s budget forecast has also suffered a reversal of fortune. Karen DeWitt takes a look at what’s changed since the budget was settled in the spring.
In its first quarterly update, the governor s budget division projected a $310 million gap in next year s budget, which could balloon to $6.2 billion in FY2027.
As the nation’s economic uncertainty continues, with a volatile stock market, higher gas prices and inflation, New York state’s budget forecast has also suffered a reversal of fortune.