The Republican-led state Senate says there’s slightly more money to work with than projected in the governor’s state budget proposal, while the Democrat-led Assembly predicts a recession and $615 million less to spend in the coming fiscal year.
The economic forecasts highlight the divide between the two chambers, which are now trying to adjust Democratic Gov. Eliot Spitzer’s proposal.
Spitzer’s $124 billion budget would increase spending by 4.8 percent — twice the inflation rate — and fill a $4.7 billion deficit for the fiscal year beginning April 1.
The Senate Republicans predict there will be $99 million more in revenue.
The 2008-09 state budget is subject to approval by the Legislature.
GAZETTE COVERAGE
Ensure access to everything we do, today and every day, check out our subscribe page at DailyGazette.com/SubscribeMore from The Daily Gazette:
Feds launch investigation into Schenectady's St. Clare's; church-affiliated pension plans nationwide
Rotterdam follows trend as police top town earners list
Niskayuna exploring property tax exemption for volunteer firefighters
Saratoga Springs council aims to distance itself from public safety commissioner's actions
Schenectady Board of Ethics prepares investigation into Farley after Polimeni files complaint
Categories: News
