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NY Budget Crisis and Risky Moves | Fort Wayne News
New York’s facing a $31.8 billion budget gap, and instead of boosting its rainy day fund, lawmakers drained $1.3 billion from reserves — a move state comptroller DiNapoli warns could be dangerously risky amid a shaky economy and uncertain federal support. While spending on healthcare, education, and childcare surged, savings stayed flat, potentially jeopardizing future investments. With national and global shocks looming, rising costs, and shrinking federal aid, the state is pouring billions into Medicaid, tax refunds, and local aid — all while weakening oversight of state contracts and…
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