Yep, the state financial outlook is bleak
-
- November
- 5
Apparently Gov. Eliot Spitzer wasn’t kidding when he said the state is looking over the edge of a deep financial hole.
 Comptroller Thomas DiNapoli today confirmed Spitzer’s revenue and spending projections for next year, leaving the state looking at a potential deficit of more than $4 billion.
 And with the governor already promising a big hike in school aid next year and no tax increases, hospitals and other health-care providers are bracing for a proposed cut in health-care spending – the largest target for budget-cutters.
This entry was posted
on Monday, November 5th, 2007 at 4:17 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. 
