DiNapoli: Spend less or tax more
-
- October
- 9
Something about the state budget doesn’t add up, state Comptroller Thomas DiNapoli said today.
 That “something’’ is spending (projected to grow by 31 percent over the next four years) and revenue (the guess is it will increase by 21 percent over the same period.
 Oh yes, and state debt (we have more of it than any state except California) is projected to raise to $64 billion, up from $51 billion last year.
 The solution?
  “The state has to set aside the piecemeal, random approach to reform,’’ the state’s fiscal watchdog said. “There has to be a comprehensive appraoch to govenment finance reform to correct the state’s long-standing structural problems.’’
That means spending less or raising more. Not exactly a recipe for political success.
This entry was posted
on Tuesday, October 9th, 2007 at 2:02 pm by Jay Gallagher.
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Jay Gallagher has covered Albany for Gannett News Service since 1984 and has been Albany Bureau chief since 1989. He`s a native of the Boston area and likes to point out that in this millennium, the score is Red Sox 1 championship, the Yankees 0. 
Cara Matthews has been a statehouse correspondent in the Albany Bureau since August 2005. Prior to that, she covered Putnam County government and politics at The Journal News for nearly five years. Before that, she worked at newspapers in Connecticut and covered the state Legislature for one of them. 
