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Long Island News

NYS Comptroller Says Financial Future Is Bleak Without More Federal Aid

DiNapoli.jpg
Mike Groll
/
AP
N.Y. State Comptroller Tom DiNapoli speaks during a news conference in Albany, N.Y., in 2013.

report by the state’s comptroller finds the state might run out of cash to meet its payments as early as next month, and faces an immediate gap of $9 to $10 billion, now that the tax deadline has been extended until July 15th. Karen DeWitt spoke to Comptroller Tom DiNapoli about a crisis that he says is worse than the Great Recession more than a decade ago.