<> Report: State, local governments face 'dire' future | The Daily Gazette
 

Subscriber login

News

Report: State, local governments face 'dire' future

Report: State, local governments face 'dire' future

A non-partisan task force has found New York’s state and local governments remain on an unsustainabl

A non-partisan task force has found New York’s state and local governments remain on an unsustainable fiscal path despite some improvements and a public perception in polls that the outlook is far brighter.

The State Budget Crisis Task Force, led by former Democratic Lt. Gov. Richard Ravitch and former Federal Reserve Chairman Paul Volker, said today the issue is of “dire importance.” They cite the state’s longstanding debt and recurring budget deficits.

They say there is no assurance the state will be able to sustain its taxing and spending practices.

The report comes as Gov. Andrew Cuomo is touting his fiscal accomplishments and public opinion polls that show people believe New York is headed in the right direction for the first time in years.

View Comments
Hide Comments
0 premium 1 premium 2 premium 3 premium article articles remaining SUBSCRIBE TODAY
Thank you for reading. You have reached your 30-day premium content limit.
Continue to enjoy Daily Gazette premium content by becoming a subscriber or if you are a current print subscriber activate your online access.