Dubious accounting practices call state’s financial planning into question
By Ali Hibbs Albany, N.Y. — A deferred state disbursement that shifted a $1.7 billion Medicare payment from fiscal year 2019, which ended on March 31, to the current fiscal year has resulted in an inaccurate financial forecast reflected in the state’s four-year financial plan — which experts say will experience a shortfall of $9 billion more than projected between 2020 and 2023, bringing the expected