New York’s top budget official said the novel coronavirus and its impact on the economy could cut the state's revenue by up to $15 billion
ALBANY, N.Y.—State revenue could fall by as much as $15 billion as a result of the novel coronavirus and its effect on the economy, New York’s top budget official said.
New York State Budget Director Robert Mujica, an appointee of Gov. Andrew Cuomo, said the state expects gross domestic product to shrink in the second quarter of this year and possibly beyond that. Last week, Comptroller Tom DiNapoli estimated state revenue would decline by $4 billion to $7 billion; Mr. Mujica said his latest estimate was a decrease of $9 billion...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Florida Governor Mandates Anyone Traveling to State from New Jersey, New York QuarantineFlorida Gov. Ron Desantis said anyone who violates the quarantine order will face a second-degree misdemeanor
Read more »
Coronavirus live updates: More than 20,000 diagnosed in New York stateCORONAVIRUS LATEST: — Sen. Amy Klobuchar's husband tests positive for coronavirus. — Stay-at-home advisory issued in Massachusetts. — New Jersey testing site reaches capacity before it opens.
Read more »
New York will be first state to test treatment of coronavirus with blood from recovered patientsSome experts say the treatment might be the best hope for combating the new coronavirus until more sophisticated therapies can be developed, which could take several months.
Read more »
Florida governor mandates self-quarantine for travelers coming from New York, New Jersey and ConnecticutFlorida Gov. Ron DeSantis has issued an executive order mandating a 14-day self-quarantine or isolation period for travelers coming to Florida from airports in New York, New Jersey and Connecticut amid the novel coronavirus pandemic
Read more »
Coronavirus live updates: Rate of new infections doubling every 3 days in New YorkOver 1.5 billion people across the globe -- more than one-fifth of the world's population -- have been ordered or urged to stay home amid the deadly coronavirus pandemic.
Read more »
New York Is Temporarily Shutting Down Beauty Services to Fight CoronavirusGovernor Andrew Cuomo has ordered all barbershops, nail salons, tattoo and piercing parlors, hair removal services, and any other personal care services, to temporarily shut down.
Read more »