DiNapoli puts current NY deficit at $1 billion
New York state Comptroller Thomas DiNapolisays the state's current deficit is nearly $1 billion, three timeslarger than projected by Gov. David Paterson.
Paterson's budget office says the comptroller's new estimateisn't outlandish. But his administration doesn't agree with it, atleast not now.
The Legislature is expected to hold a special session soon totry to cut spending. That could include school aid.
The disputed number surfaced Monday at the first public meetingof top-level staffers on the 2011-12 fiscal year budget.
They say that although there are signs of slow recovery in jobsand wages, the end of the recession will be followed by painfulyears of recovery.
Paterson administration says state's on course for $315M deficit