NYC

Budget Stalemate In Albany Puts Strain On New York State

03/18/2010 05:12 am 05:12:02 | Updated May 25, 2011

Without a budget deal, New York will be left with just $36 million in the bank by the end of December, according to current projections. And the money will last that long, officials say, only if the state chooses to fully exhaust its emergency reserves by tapping several billion dollars' worth of temporary loans from its rainy-day fund and short-term investments.

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