NEW YORK (CBSNewYork) — New York is facing a looming budget crisis, with an estimated $6 billion gap.

Javier Lacayo, a vice president at SKD Knickerbocker, and CBSN New York’s urban affairs expert Mark Peters joined political reporter Marcia Kramer to discuss the situation.

Javier Lacayo, a vice president at SKD Knickerbocker, and CBSN New York’s urban affairs expert Mark Peters (Credit: CBSN New York)

The panel also talked about the state’s new criminal justice reform and rise in anti-Semitic hate crimes.

Watch “The Point” Fridays at 6:30 p.m. and Sundays at 10:00 a.m., 2:00 p.m. and 8:00 p.m. streaming on CBSN New York.

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