Now that the elections are over, state budget deadlines are rapidly approaching. Comptroller Thomas DiNapoli has released a largely positive budget outlook for the new year, though he warns of some uncertainties.
Under reforms adopted a few years ago, state officials including the comptroller, are required to start the budget process, which ends in late March, even earlier.
DiNapoli is out with his report, and he says the state budget is largely in balance.
Gov. Andrew Cuomo says he thinks the state can afford a tax cut next year, despite a projected $1 billion budget gap.
Cuomo says he’s been holding down spending during his first three years in office, with an average growth rate of two percent each year, compared to an annual 10 percent increase before he was governor. He says he expects enough money can be freed up to finance some kind of tax reductions during 2014.