posted on July 16, 2010 12:55
State Comptroller Thomas DiNapoli is crying foul on this year’s would-be budget.
DiNapoli says the proposed document includes 4.8-billion dollars worth of assumptions – basically guesses about revenues, like the new Indian reservation cigarette tax. DiNapoli says the assumptions are too optimistic and could result in a current-year deficit if they do not materialize.
The Comptroller’s Office reports the proposed budget includes a 4.2-increase in spending, compared with just a 2-percent estimated inflation rate. DiNapoli says this budget may add up to 7-billion dollars to the state’s already 9.2-billion dollar deficit.