Federal Tax-Code Changes Could Force New York to Adopt Lean Spending Plan
November 30, 2017. According to this article, a mounting state deficit and expected changes to the federal tax code are handing lawmakers their toughest choices in the seven years that Gov. Andrew Cuomo has been New York's leader. The state's most recent financial plan projects a budget deficit at $4.1 billion, but that gap could grow if tax receipts continue to lag behind the expected pace, according to state Comptroller Tom DiNapoli's office. Cuomo himself acknowledged the scope of the challenge during a stop Tuesday [...]