Governor, Lawmakers Fail To Reach Consensus On Revenues
ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo and his fellow Democrats controlling the Legislature have been unable to agree on revenue estimates for the state budget that's due in less than a month.
The inability of Cuomo and the Assembly and Senate to reach a consensus means Democratic state Comptroller Thomas DiNapoli must come up with an estimate by Tuesday. The governor and the leaders of both chambers will use DiNapoli's revenue estimate as the starting point to negotiate a final budget.
Cuomo has proposed a $175 billion spending plan for the state fiscal year that begins April 1st.
Last month, the governor and DiNapoli announced tax revenues for the current budget were down $2.3 billion. The Democrats blame much of the shortfall on federal tax changes that started last year.