Cuomo Budget Would Cut NYC Aid by $4.8 Billion, DiNapoli Says
- Medicaid and City University of New York would be hit hardest
- New York City also faces increased risk of economic downturn
New York Governor Andrew Cuomo speaks on Oct. 16, 2014, in New York City.
Photographer: Spencer Platt/Getty ImagesThis article is for subscribers only.
New York Mayor Bill de Blasio got support from the state’s chief fiscal officer for his contention that Governor Andrew Cuomo’s proposed budget would cost the city $4.8 billion in the next four years.
While the city’s record employment and economic growth have created a surplus this fiscal year, Comptroller Thomas DiNapoli said that the governor’s budget poses the biggest risk to the city’s finances, especially with the increased possibility of a slowdown. Cuomo proposals, which include forcing the city to pay more for Medicaid and for the City University of New York, amount to more than 1 percent of its $80 billion-plus budget.