ALBANY, N.Y. (WNYT)- Albany city leaders say they are facing one of the most severe fiscal crises in New York and are weighing major steps to close a $55 million deficit.
According to the state comptroller’s office, only one municipality in the state is under more financial stress than Albany. Retired state comptroller’s office official Bob Ward has been hired to advise city officials on how to close the gap.
“So what this shows us convincingly is that Mayor Applyrs walked into literally one of the worst fiscal crises that any mayor in New York state has seen in a very long time,” Ward said…