State Comptroller Warns of Growing Budget Gap

State Comptroller Tom DiNapoli on Tuesday, July 18,  released a report on the updated Division of Budget forecast of the gap between revenues and expenses, totaling $36.4 billion through fiscal year 2026-27 due to a weaker economic forecast, unrest in the stock market and higher state spending. The projected fiscal year 2024-25 budget gap is now $9.1 billion, 2025-26 is $13.9 billion, and 2026-27 is $13.4 billion. Learn more.