New York has a problem. And it’s a big problem — a $30 billion problem.
That’s how much money the state Division of Budget says will be lost in tax revenue over the next two years because of the coronavirus.
You’ve probably already heard about the state’s budget deficit. For months, it’s been a frequent topic of discussion between Gov. Andrew Cuomo, his top aides, and the press. Weeks have rarely gone by without a mention of the shortfall.