DiNapoli: New York reserve funds not adequate for anticipated economic downturn
Albany, N.Y. — Despite a now decade-long economic expansion in the country, New York still lags behind other states when it comes to its rainy day reserves, according to a report released last week by New York State Comptroller Thomas DiNapoli . “The need for a cushion to fall back on is especially urgent today amid signs of a slowing economy,” said DiNapoli. “As the financial capital of the world,