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Budget Cuts a Start; More can be Improved in Budget Process

On Aug. 19, the State Assembly returned to Albany for a special session.  As a result, many mid-year spending cuts were made.  Although it’s never easy to make spending cuts, it was necessary in light of the fiscal crisis that the state is facing.  The state’s budget, for better or worse, relies heavily on Wall Street and therefore, when Wall Street suffers, so too does state revenue.

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