He says many had structural budget deficits and were routinely spending more than they could possibly collect in permanent revenues. (wrvo.org)
State tax revenues are down, contributing to the largest structural budget gap in seven years. (wxxinews.org)
«This upgrade is based on our view of a strong state budget management framework as indicated by New York State's recent history of improved structural budget balance with a strong focus on spending restraint and on - time budgets,» wrote S&P analyst David Hitchcock. (nystateofpolitics.com)