United States

Coronavirus cash crunch: State and city budgets must find savings

As a punishing recession bears down, with tax revenues plummeting and unemployment surely surging, New York’s state budget deadline approaches. Albany lawmakers are staring at a deficit that’s estimated now at $15 billion.

With vital income and sales tax payments delayed by months, the state will...

After the deluge of the coronavirus, Cuomo faces the budgetary crisis. ...