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“Ultimately, Connecticut’s overall budget results are largely dependent upon the performance of the national and state economies,” the comptroller said.
A $200 million investment has helped create the New York Credit Small Business Investment Company Fund, which will deliver returns to the state pension fund.
State Comptroller Thomas DiNapoli recently released his annual report on local governments and expressed concern about New York’s municipalities ability to meet their respective fiscal challenges.
The state’s projected budget deficit is continuing to grow as more Medicaid spending data becomes available.
Comptroller Thomas DiNapoli announced plans to implement an early warning monitoring system to assist struggling municipalities and school districts.