N.Y. State Faces 3-Year Budget Gap of $25.6 Billion, Study Finds (1)

New York’s budget woes are worsening, according to an official report. Chicago-area property owners are in line for a tax payment extension, and New Jersey got a sobering look at how its revenue is suffering. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For Tuesday’s coverage click here. Here’s a state-by-state roadmap.

New York faces a three-year budget gap of $25.6 billion as it struggles to meet the fiscal and public health challenges associated with the pandemic, Comptroller Thomas P. DiNapoli said in an analysis released Wednesday.

DiNapoli ...