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 SearchOffice of the New York State Comptroller NY Gov 2022-2025

Rs 5014 2022-2025 Form

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- Mr. Comptroller, thanks for joining us, if remotely. - Great to be with you again, Karen. - I wanted to talk to you about a couple of reports you've done lately on the state's finances and I think it's no surprise that it's not good at all. Now you and I have been here a little while. We've seen our share of economic turndowns, state fiscal crises, but this, this is worse than anything we've ever seen, right? - It's a deep turndown, and I think what's so different, Karen, is that it happened so fast. And of course the timing from a state perspective is that is all hit in mid-March, the beginnings of it, right at the time that the state budget was being finalized, so it meant we had to put together, well essentially the governor's put together a budget that had a lot of assumptions and asterisks and placeholders, dependent upon how the revenues would come in, and as we've seen certainly with the April numb

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