LIBOR offices will be closed on November 27 and 28 in celebration of Thanksgiving. Happy Holiday to all our members!

State Comptroller Warns of Growing Budget Gap

Jul 25, 2023
State Comptroller Tom DiNapoli on Tuesday, July 18,  released a report on the updated Division of Budget forecast of the gap between revenues and expenses, totaling $36.4 billion through fiscal year 2026-27 due to a weaker economic forecast, unrest in the stock market and higher state spending. The projected fiscal year 2024-25 budget gap is now $9.1 billion, 2025-26 is $13.9 billion, and 2026-27 is $13.4 billion. Learn more.

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