New York agencies ordered to freeze spending amid budget gap

New York agencies are being ordered to freeze spending of their budget proposals for the following fiscal 12 months because the state faces primary budget gaps. 

Budget Director Blake Washington despatched a letter to company commissioners Wednesday telling them budget requests for subsequent 12 months will have to now not exceed what used to be licensed this 12 months. 

Budget gaps totaling $36 billion are projected over the following 3 years. The Division of Budget blames declining tax revenues and higher spending. 

This 12 months’s enacted budget used to be the perfect ever at $229 billion.

The Division of the Budget suggests agencies check out to to find techniques to get monetary savings by way of reviewing and scrutinizing techniques. 

The letter says Gov. Kathy Hochul desires to stability the budget with out elevating taxes or depending on reserves. 

Agency budget requests are due in lower than 3 weeks and the governor will provide the Legislature with a budget proposal early subsequent 12 months.