From ‘The sky is falling!’ to ‘No worries’: How a state deficit goes away

ALBANY – When officials in late fall started to put all the pieces of a new state budget together for Gov. Andrew M. Cuomo to present in January, the gloomy talk started coming out of the Capitol’s first floor where his budget staff is based.

The state, officials warned, faced a looming $4.4 billion deficit. Put in perspective, that’s almost what is spent each year on New York’s sprawling judiciary and prisons systems.

In the final budget enacted March 31, officials say the deficit was completely wiped out.

Buffalo News