NEW YORK (CBSNewYork) – New York Gov. Andrew Cuomo is set to lay out his budget proposal on Tuesday with the state’s financial watchdog keeping an eye on the figures.
State Comptroller Thomas DiNapoli said revenues are falling short of projections, so he anticipates a lean budget from Cuomo.READ MORE: 16-Year-Old Killed In Double Shooting On Lower East Side, Second Victim In Hospital
“A very tight budget presentation, we do own a gap that has to be dealt with,” DiNapoli told WCBS 880’s Jim Smith.
Working estimates suggest a budget gap of $1 billion, not including any fallout from superstorm Sandy, according to DiNapoli.