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Politics : Formerly About Advanced Micro Devices

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To: SeachRE who wrote (1226421)5/3/2020 1:13:28 PM
From: locogringo1 Recommendation  Read Replies (1) of 1573122
 
Go correct Newsday too: You will, right?

How the COVID-19 virus has impacted
New York state finances

Newsday, by Yancey Roy

Original Article

New York isn’t broke, as Gov. Andrew M. Cuomo likes to say. But with revenue plunging, without further help, it might have to make spending cuts quickly and dramatically — $10 billion or more. Or raise taxes. A 463-page document released by Cuomo’s budget division outlines how the state is staying afloat through workplace shutdowns caused by the coronavirus that have sent the economy tumbling. It shows dire projections about the tax revenue decline across categories such as sales taxes (nearly 20%), lottery (21%) and gaming (34%). The report, called the "Enacted Budget Financial Plan," says the governor might slash aid (snip) — by $8.2 billion as soon as mid-May.
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