Ravitch: New York Deficit Could Swell To $15 Billion Next Year
Posted By thestatedtruth.com on April 30, 2010
By Bob Hennelly
NEW YORK, NY April 29, 2010 New York’s $9.2 billion budget deficit is expected to balloon to $15 billion next year, according to Lt. Gov. Richard Ravitch.
Speaking to a midtown audience of real estate developers, Ravitch said he does not expect the state to reach a budget deal any time soon, despite the state’s desperate fiscal situation. The budget is nearly one month late and Ravitch says there are no external triggers forcing lawmakers and the governor to act.
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