New York’s fiscal year is nearly half over, and the state budget remains billions of dollars out of balance, largely due to the effects of the COVID-19 pandemic-related economic shutdown.
So far, Gov. Andrew Cuomo has been relying on temporary measures to keep the state afloat, but fiscal experts say it’s time to make some hard decisions.
E.J. McMahon with the conservative-leaning fiscal watchdog group the Empire Center, and Ron Deutsch with the liberal-leaning Fiscal Policy Institute, do agree on some things.