New York’s spending for 2012 is slightly down from the prior year, but since 2008, total spending has outpaced the rate of inflation, according to an annual report on the state’s finances released by Comptroller Thomas DiNapoli on Friday.

The report found that spending for fiscal year ending March 31, 2012 totaled $133.5 billion, a decrease of $1.3 billion from 2011. However, total spending since 2008 increased 15%.

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