New York facing harsh financial picture | News, Sports, Jobs
Todd J. Tranum President and CEO of the Chautauqua County Chamber of Commerce & Executive Director of the Manufacturers Association of the The Governor’s Executive Budget outlined this past week offers a stark and sobering look at the year ahead for New York State. There are essentially two scenarios: one bad and one worse. In the wake of the COVID-19 response over the past ten months, New York state faces a $15 billion deficit this year. Tax revenue is down dramatically statewide due to business shutdowns and job losses. At the same time, expenses rose as the state scrambled to respond to...
Source: observertoday.com