The problem stems in part from delayed tax payments, which budget officials say is due to uncertainty over tax reform on the federal level. (nystateofpolitics.com)
While there is currently no consensus on how large a state rainy day fund should aim to be, bonding agencies and state budget officials generally target 5 percent as the appropriate amount. (empirecenter.org)
While job increases have exceeded the initial estimates by city budget officials, overall growth is slowing in the last two years. (nystateofpolitics.com)