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NY Budget Surges Amid Rising Risks | Albany News
New York’s record-breaking $277 billion budget is sparking alarm as a new fiscal report warns the state’s finances are dangerously stretched—spending is outpacing revenue, reserves are flat at $15 billion, and federal cuts are forcing New York to shoulder more costs. Big investments in healthcare, education, and childcare are driving the spending surge, but without growing savings, the state’s long-term stability is at risk. With national and global events poised to impact tax revenue, experts say New York’s financial balancing act is tipping—and essential services could be jeopardized…
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