For the first time in several years, New York state has a surplus of between $3 billion and $4 billion. Gov. Andrew Cuomo says he’s still looking at options on how best to use it.
The state has recently been the beneficiary of a windfall from major lawsuit settlements with several banks and insurance companies. After years of running a debt or breaking even, Cuomo says New York now has more than $4 billion additional dollars.
The governor says he’s still thinking about the best use for the money.