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New York's $121 Billion 2009 Budget Not Sustainable, Comptroller Says

The $121.4 billion fiscal 2009 budget New York passed this month contains an unsustainable level of spending, significantly increases the state's debt, and includes risks that could create a nearly $1.5 billion shortfall if revenue doesn't materialize, according to a preliminary analysis released Friday by Comptroller Thomas DiNapoli's office.

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