At a preliminary budget hearing Wednesday, the comptroller will outline his two-year budget gap estimate of at least $7.3 billion, and explain why he’s skeptical about the mayor’s revenue projections.
Both the state Senate and Assembly included tax hikes on the wealthy in their budget rebuttals, while rejecting the governor’s marquee pitch for car insurance reform.
In 2010, the state cut New York City off from hundreds of millions of dollars in Aid and Incentives to Municipalities funding, which was never restored.