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On this week's edition of New York NOW: New York is projecting a budget deficit of $14 billion through next April, and $30 billion over the next two years. And that's not counting the fiscal crises in New York City and the state's other local governments.
First, we'll tell you about a series of proposals to bridge the state's budget gap, including new taxes and why some want to avoid them. That story features voices from both sides of the aisle, and analysts weigh in on their proposals.
Then, New York's counties and local governments are also struggling with their finances, and they were already having trouble before the COVID-19 crisis. Stephen Acquario from the New York State Association of Counties and Albany County Executive Dan McCoy, who leads the New York County Executives Association, have details.
