In a traditional yearly letter in which Gov. Kathy Hochul’s budget chief directs agency heads to craft a balanced budget presentation for the next fiscal year, Washington pointedly warned that Empire State tax receipts could take a hit if 2026’s bull markets give way following rapid investment into artificial intelligence.
In a traditional yearly letter in which Gov. Kathy Hochul’s budget chief directs agency heads to craft a balanced budget presentation for the next fiscal year, Washington pointedly warned that Empire State tax receipts could take a hit if 2026’s bull markets give way following rapid investment into artificial intelligence.
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