State tax revenues are down, contributing to the largest structural budget gap in seven years. (wxxinews.org)
As illustration, even if the legislature were to impose $ 4.2 billion in new tax and fee measures - as recommended by the Executive Budget — it would still leave the state with $ 11 billion in an accumulated structural budget gap over the next five years; a figure that will likely grow given the ongoing deterioration of state tax collections. (bcnys.org)
He says Monday that Gov. Andrew Cuomo and the Legislature deserve credit for closing structural budget gaps that plagued the state for years. (wamc.org)