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Comptroller Urges Feds to Aid State Or Risk Deepening U.S. Downturn

By BOB HENNELLY
Posted 6/2/20

Failure by the Federal Government to provide financial assistance for the state amid its multi-billion-dollar drop-off in tax revenues caused by the coronavirus pandemic could result in an even deeper economic decline nationally, according to State Comptroller Tom DiNapoli.

In his job, he oversees local, county and state finances as well as the state's public-retirement systems, which were valued at $210.5 billion prior to the pandemic.

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