The Citizens Budget Commission of New York (CBCNY), a state budget watchdog group, is concerned that the $254 billion state spending plan that passed in May spends too much money and does too little to prepare the state for possible federal budget cuts, or a downturn in the economy.
The group this week issued its analysis of the budget, highlighting five ways in which the state is inadequately preparing for risk, including by further eroding the state’s fiscal foundation.
CBCNY’s Patrick Orecki, director of state studies, spoke with Capital Tonight host Susan Arbetter about the analysis.