DiNapoli: State’s Fiscal Outlook is “Dire”
The state’s Enacted Budget Financial Plan anticipates a dire fiscal outlook in State Fiscal Year (SFY) 2020-21 and projects sweeping budget cuts that could affect essential services provided by the state, schools and local governments, according to an analysis released today by State Comptroller Thomas P. DiNapoli.
A press release from the Comptroller's office stated that as much as $8.2 billion would be cut from Aid to Localities spending, while large reductions in funding for State Operations are also planned. School children and college students, people living in poverty, individuals with disabilities, and aging New Yorkers are among those who may suffer the loss of services. Programs that help fund front-line responders, safeguard health, protect the environment, ease the burden on property taxpayers and maintain a sound transportation system could also face significant cuts.
“The Financial Plan warns of deep cuts and very troubling actions the state anticipates taking to address the revenue loss and growing costs of fighting the coronavirus,” DiNapoli said. “New York is facing an unprecedented public health and fiscal crisis that could dramatically change our landscape for years to come. As reports by my office have repeatedly shown, New York ranks first among the small group of states that send more dollars to the federal government than they receive in return. Now we need help from Washington that comes without strings to protect New Yorkers from seeing essential services decimated.”