New York Gov. Eliot Spitzer's proposed fiscal 2009 budget relies too heavily on debt, makes revenue assumptions that may be unrealistic, and could burden the state with future unsustainable spending commitments, state Comptroller Thomas DiNapoli said yesterday in a report.
"We're facing very uncertain economic times," DiNapoli said in a news release. "We should only spend within the parameters of what the state can afford. When you spend more than you take in, something has got to give."