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State comptroller discusses budget challenges for 2018

State Comptroller Thomas DiNapoli was the featured speaker Tuesday morning at a forum held at the Times Union newspaper building in suburban Albany.

Posted: Jan 9, 2018 10:53 AM

ALBANY, N.Y. (AP) - New York's chief fiscal officer says Wall Street revenues will be a "bright spot" heading into potentially difficult state budget talks complicated by the federal tax overhaul.

State Comptroller Thomas DiNapoli was the featured speaker Tuesday morning at a forum held at the Times Union newspaper building in suburban Albany.

DiNapoli discussed the challenges facing lawmakers and fellow Democrat Gov. Andrew Cuomo as state leaders negotiate a state budget.

Those challenges include a budget deficit estimated at over $4 billion and the recent federal tax overhaul.

Those are just two of the major issues Cuomo and the Legislature will wrangle over as they formulate a spending plan due by April 1, the start of the state's new fiscal year.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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