Gov. Paterson's controversial selection of a politically-connected casino company to operate slot machines at the Aqueduct Racetrack could delay a payment of $300 million to the state—widening the Albany budget shortfall to more than $2 billion as the fiscal year nears its end. "For at least five years, the state has counted on revenue from an Aqueduct deal to balance the budget," said Comptroller Thomas DiNapoli. "We're still waiting to collect." more ›

The MTA says its biggest security overhaul in history "is taking too long, costing too much" and now it's running out of money. The agency has only $59 million left in the bank for the program—not nearly enough for the installation of motion sensor cameras and other high-tech gadgets at every subway station. more ›

The New York State Legislature finally passed a budget two weeks ago, which it balanced by taking on extra debt without the approval of voters to fund a 6% increase in spending as revenues continue to shrink. State Comptroller Thomas DiNapoli says New York is heading for trouble, especially since revenue projections are so uncertain and vulnerable to further economic downturn. more ›