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Wall Street Boom to Cut New York State Budget Deficit in Half

· bloomberg.com · popularity 45/100 · 0 similar stories today · Public Finance, Budgets & Audits (Politics & Government)

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Summary

New York projected the budget deficit will narrow by $3.5 billion next year as the state expects a boom in trading and borrowing to deliver record profits to Wall Street and stronger bonus payments to boost revenue.

Found in: New York, Bloomberg Markets. Rating basis: single outlet; outlet tier 5; 2 feeds; listed 2 times; feed position 14.