NY Facing $6 Billion Budget Deficit Ahead of State of the State Address

New York is "making progress happen."

That was one of the key themes of Gov. Cuomo's 2020 State of the State address, built around a host of liberal initiatives, including legalizing marijuana, improving health care, and lowering prescription drug prices.

Still, the state is facing a $6 billion budget deficit, much of it driven by over-spending on Medicaid,

The governor says a main focus in 2020 will be to combat the threats associated with climate change.

The governor also discussed several economic policy ideas, including changes to the banking laws, expanding on paid sick-leave, and tackling the federal government's cap on state and local tax deductions.

State Sen. Jim Tedisco tells WGY news he isn't impressed with the rosy upstate economic figures that the governor rolled out.

All in all, Tedisco calls the speech the "best or worst example of fiction that he has ever heard."

In the Republican response, GOP chairman Nick Langworthy calls that a "flat-out lie," saying tax and regulatory reform would unleash the state's economy "like a rocket."

On the other hand, Assemblyman John McDonald says he likes the middle class tax cuts that Governor Cuomo is proposing.

McDonald says he also likes cutting tax rates for small businesses to 4%.

Photo: WNYT

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