Governor Kathy Hochul and state lawmakers are pushing a massive $252 billion budget that lacks provisions for expected federal funding cuts, risking a severe budget shortfall. A report from the Citizens Budget Commission indicates a deepening financial crisis, with projections showing a structural gap growing to $18.2 billion by 2029. High spending levels, particularly in Medicaid, come amid anticipated federal cuts totaling $880 billion over the next decade. Critics highlight that such reckless budgeting only sets up taxpayers for future tax hikes and service cuts, creating a precarious financial landscape.
"Albany's spending plan contains absolutely no contingency for such cuts, all but guaranteeing that the state will suddenly face a multibillion-dollar budget hole later this year."
"That alone is unsustainable. And if (when) Washington cuts aid, that nut will grow bigger still."
Collection
[
|
...
]