NY scores better than 12 states on “fiscal peril” scale
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- November
- 11
New York received a score of 20 on the Pew Center on the States’ new report evaluating whether states are in fiscal peril. All states were compared with California, which received the highest score—30. Revenue is down more in New York than California—17.1 percent to 16.2 percent. The national average is 11.7 percent.
New York faces a mid-year budget deficit of $3.2 billion, and lawmakers and the governor are in negotiations on how to close the gap.
New York scored better than 12 states, including California. The other 11 are Arizona (28), Rhode Island (28), Michigan (27), Nevada (26), Oregon (26), Florida (25), Wisconsin (22), Illinois (22), Colorado (21), Georgia (21) and Kentucky (21).
New York’s fiscal situation is on a par with Maine, Mississippi and Washington, which all scored 20. Wyoming scored the best with a 6.
The report, “Beyond California: States in Fiscal Peril,” shows that the recession has severely impacted states from different geographic regions and with different kinds of economies, tax structures and political leanings, according to the Pew Center.
“Though New York’s population is similar to states like California, Florida, Wisconsin, and Illinois, this report demonstrates that unlike their economies, which are on the verge of collapse, actions we have taken to maintain a balanced budget and secure access to vital services for at-risk or unemployed families has kept New York’s economy stable even in an economic crisis,” Senate Finance Committee Chairman Carl Kruger, D-Brooklyn, said in a statement.
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on Wednesday, November 11th, 2009 at 6:09 pm by Cara Matthews.
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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. 
