New York State Division of the Budget Announces Release of the FY 2021 Enacted State Budget Financial Plan

Posted to Applied Web NY on Fri, 10/30/2020 - 18:52

The New York State Division of the Budget announced today the release of the FY 2021 Mid-Year State Budget Financial Plan Update (PDF), which projects a $14.9 billion General Fund revenue decline and a 15.3% All Funds tax receipts decline from the Budget forecast released in February, creating a total loss of nearly $63 billion through FY 2024 as a direct consequence of the COVID-19 pandemic.

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