Albany is investing in our reserves: New York prepares for a rainy day while the sun is shining ...Middle East

Given the recent commentary on the condition of New York’s financial condition, I wanted to emphasize the importance Gov. Hochul attaches to ensuring the fiscal health of New York State. With unprecedented amounts in both total dollars and as a percentage of spending, New York’s reserves are at historic levels and the state is in a strong position to safeguard against potential economic downturns, unforeseen emergencies, or unexpected budgetary challenges. Most importantly, the governor has demonstrated a strong commitment to our financial future by adding to reserves.

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