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Comptroller: NY's Financial Outlook "Clouded" By Uncertainty

WAMC Photo by Dave Lucas

New York State Comptroller Thomas DiNapoli is sounding the fiscal alarm, saying the state could be headed toward increased financial challenges in the future.

A report issued Friday by the Democratic comptroller's office cited uncertainty in Washington about proposals to cut funding for health care and other programs that boost the state's bottom line.

DiNapoli also pointed to lower-than-expected tax revenue as a concern. Personal income tax receipts in the first quarter of this fiscal year were $1.7 billion lower than estimates made in February, and $1.5 billion lower than the same period last year.

He says that if the revenue slump continues the state's out-year budget deficits will increase, putting greater fiscal strain on state operations.

© 2017 The Associated Press.

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.