State of New York

Deposits to reserves that had been planned for fiscal 2024 and 2025 would be completed by the end of the current fiscal year, bringing the total to $24 billion.

"I'm thrilled to have that opportunity to join the team," Patrick McCoy says. "It's a very important project with regional implications. To be part of that team is going to be very exciting."

The state sees a fix to budget problems and is betting big on three downstate casinos to pad its coffers.

A separate report showed the state's workforce declined by 1% between 2011 and 2021 while the workforce increased 5.1% nationally during that time frame.

The suit, filed on behalf of community groups and area residents, alleges New York state officials skirted the law when negotiating a deal with developer Vornado Realty Trust in 2018.

Levels fell back to pre-pandemic levels, state comptroller Thomas DiNapoli said, "so the notion that it's crashing and it's all gloom-and-doom is not a fair observation."

With online sports wagering off to a fast start in New York State, lobbyists for online casino games want to be next.

The inclusion of swaps has the potential to increase claimed damages in the New York State lawsuit, though banks view swap materials as providing a potential defense.

The future outlook now is much more fragile, the Citizens Budget Commission said.

Personal income tax revenues rely upon taxpayers continuing to be taxpayers and remaining residents of New York, especially high-income earners.