Assembly Speaker Sheldon Silver told a gathering of business leaders in Buffalo today that the failures on Wall Street will ripple through the state, making it harder, for example, to fund infrastructure and education.
Silver said in remarks to the Business Council of New York that next year’s state budget is going to be especially difficult and that losses from Wall Street will force the state to re-evaluate revenue predictions for the coming fiscal year.
But he said the turmoil will not distract legislative leaders from their commitment to improving the economy upstate.
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:
Images: Lansky the school therapy dog at Schenectady's Brown School Friday (10 photos)
Schenectady man admits raping child under age 13, Schenectady County DA says
Habitat for Humanity breaks ground on second Rotterdam home
Images: A look around Scotti's Restaurant & Pizzeria in Schenectady (10 photos)
Out To Eat ... at Scotti's Restaurant & Pizzeria in Schenectady
Categories: Schenectady County
