New York’s enacted budget was “precariously balanced” with temporary and non-recurring resources, Comptroller Thomas DiNapoli said last week.

The state’s fiscal 2011 budget relied on $16.7 billion of temporary and non-recurring resources that will largely disappear over the next three years, DiNapoli said in a press release.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.