State Comptroller Thomas DiNapoli predicts sweeping spending cuts in the coming fiscal year affecting essential services provided by the state, schools and local governments.
His latest analysis estimates reactions in Aid to Localities spending could surpass $8 billion, along with large funding cuts also planned among various state operations.
Those who could suffer the worst loss in services: School children and college students, residents in poverty, the aging population and people with disabilities.
Meanwhile, the latest numbers from the New York State Department of Labor show more than 330k were approved for the Pandemic Unemployment Assistance (PUA) Program over the past month.
In total, the DOL’s paid out nearly $7.5 billion in unemployment benefits to New Yorkers since March, three-and-a-half times more than last year’s total.
“The Financial Plan warns of deep cuts and very troubling actions the state anticipates taking to address the revenue loss and growing costs of fighting the coronavirus,” DiNapoli said. “New York is facing an unprecedented public health and fiscal crisis that could dramatically change our landscape for years to come.”