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Cuomo says state budget is contingent on federal aid; cuts, tax hikes possible
Updated Jan 19, 2021;
Posted Jan 19, 2021
Governor Andrew M. Cuomo presents his Fiscal Year 2022 Executive Budget in Albany on Tuesday, Jan. 19, 2021. (Mike Groll/Office of Governor Andrew M. Cuomo)Mike Groll- Office of Governor Andrew M. Cuomo
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STATEN ISLAND, N.Y. New York’s fiscal future will be decided by how much aid the federal government awards in the coming months, Gov. Andrew Cuomo announced Tuesday.
If the state doesn’t receive enough to cover its $15 billion budget gap due to the coronavirus (COVID-19) pandemic, New York may need to raise taxes and make cuts to services around the state, Cuomo warned.