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8:10AM | posted by Chaleampon Oates Ritthichai | April 1, 2010 | comments: 0
NY State Budget Explained
New York State Senator and Vice-Chair of the Finance Committee Liz Krueger explains the reasons Albany failed, once again, to pass the budget on time.
“The state is structurally imbalanced in its budget after decades of over borrowing,” she said. “We’re in a huge financial crisis.”
Only twice in the past 25 years have Albany been able to pass the budget by the April 1 deadline. Krueger said she is introducing a bill that will move the deadline to June 1.
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