On Monday, Standard & Poor’s Ratings Services revised its outlook for New York State, from “stable” to “positive.” In support of its actions, S&P cited New York’s “movement towards structurally balanced budgets.”

As a result, the state will pay a slightly lower rate on the bonds it sells, reducing borrowing costs.
This is a good sign, but it is not an indication that our work is done.  We have much more work to do to restore the Upstate economy, and will have to make sure that Albany holds the line on unnecessary spending and debt.