Experts Warn of Budget Ills for New York, Lasting Years (NY Times)

December 18, 2012 – New York State faces long-term budget problems that are compounded by the teetering finances of its local governments, an aging infrastructure and the possibility of severe cuts in federal funding, a panel of fiscal experts said Tuesday. The State Budget Crisis Task Force, a nonpartisan group, said that New York’s problems had been “papered over with gimmicks” for decades, and that while Gov. Andrew M. Cuomo had taken some steps to rein in spending, the state was still saddled with burdens that would leave it unable to make ends meet in the long run.

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