Comptroller: State Facing "Cash Flow Crunch," But Pensions Safe

Spectrum News

Apr 22, 2020

Albany County has four more deaths related to the coronavirus spread throughout New York.

County Executive Dan McCoy provided the details Wednesday. Two victims were men in their 80s; two others were women, one in her 80s and one in her 90s.

There are now 713 positive coronavirus cases in the county, up 35 from Tuesday; 811 are under mandatory quarantine, up 57 from Tuesday; and 41 are under precautionary quarantine, no change from Tuesday.

McCoy was joined at the press conference by New York State Comptroller Tom DiNapoli, who discussed the economic effects of the pandemic on the state. The comptroller noted the state is facing a “cash flow crunch” and a deficit of about $10-15 billion.

"What's really needed is more help from Washington," especially for state and local economies, despite Senate passage of new economic legislation, DiNapoli said.

On the topic of pensions, DiNapoli said no one should worry; he noted the pension fund is still strong, and people are and will continue to be paid on time.

"The pension fund is still strong; we'll keep you updated on the numbers," he said.