Statement from Comptroller DiNapoli on Deficit Reduction Plan
"The Legislature has taken a positive step toward narrowing this year’s budget gap. But Albany shouldn’t pat itself on the back. The deficit reduction plan approved today hasn’t solved the State’s long-standing structural imbalance between revenue and spending. Spin ups and one-shot revenues are like aspirin; they may ease a little of the pain this year, but the patient still needs surgery.
"We need to closely monitor revenues and spending to see if the DRP will get us through the end of the fiscal year. The State continues to face a significant gap heading into next year’s budget. Taxpayers deserve honest numbers and realistic budgets. Moving forward, we have to make sure they get just that."