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Home | Local | Local News | STATE BUDGET DEFICIT INCREASING

STATE BUDGET DEFICIT INCREASING

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Governor says it'll be over $8-billion

Governor David Paterson has announced that the state budget deficit will grow to $8.2-billion. 

According to a report in the Albany Times Union, the additional $750-million shortfall is attributed to a recessionary slowdown in income tax revenue and an explosion in Medicaid costs.

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