With a projected multibillion-dollar deficit and looming federal changes that could cost the state billions more, the biggest obstacle in the upcoming 2018 legislative session will be balancing the state budget.
Although upstate regions continue to struggle, New York State had more jobs last year than at any time since the Great Recession, according to a new report on employment published Monday by New York State Comptroller Thomas DiNapoli.
The state budget has been in place for just less than two months and already there are signs that tax revenues may be significantly lower than expected. Anticipated federal tax reductions later this year may be one of the reasons.
Governor Cuomo has been making frequent trips to upstate cities this summer, touting his success in reviving the regions’ faltering economy. But a new report from the State Comptroller on job creation shows there is still some work to do.