New York was expected to end calendar 2009 with a negative general fund balance that could be as high as $600 million, state Comptroller Thomas DiNapoli said on New Year’s Eve.

“New York State is ringing in the new year in a tenuous financial position,” DiNapoli said in a press release. “For the first time in recent history, the state’s general fund is estimated to end the calendar year in the negative.”

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