NY state comptroller discusses budget challenges for 2018

January 09, 2018 - 10:26 am

ALBANY, N.Y. (AP) — New York's chief fiscal officer says Wall Street revenues will be a "bright spot" heading into potentially difficult state budget talks complicated by the federal tax overhaul.

State Comptroller Thomas DiNapoli (dee-NAP'-oh-lee) was the featured speaker Tuesday morning at a forum held at the Times Union newspaper building in suburban Albany.

DiNapoli discussed the challenges facing lawmakers and fellow Democrat Gov. Andrew Cuomo as state leaders negotiate a state budget.

Those challenges include a budget deficit estimated at over $4 billion and the recent federal tax overhaul.

Those are just two of the major issues Cuomo and the Legislature will wrangle over as they formulate a spending plan due by April 1, the start of the state's new fiscal year.

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