Albany and City Hall are now staring at some wicked fiscal headwinds, a key watchdog reports — but it’s not like they weren’t warned.
The Citizens Budget Commission is flagging both the city and state’s massive budgets, slamming them as “unaffordable and unprepared” in light of federal funding cuts and a possible economic slowdown down the road.
With passage of President Donald Trump’s One Big Beautiful Bill Act, which aims to (slightly) curb the growth of federal outlays, including aid to New York, Gov. Kathy Hochul is directing state agencies to cut $750 million from their budgets.
When folks gripe, she’ll just point her finger at Trump. Convenient, no? But about reckless and dishonest as can be.
And she’ll still have to find another $3 billion — and that’s assuming no further cuts from Washington in the short term and an economy that remains robust.
Plus, the long-term structural