According to an updated state financial plan released just before the long Memorial Day weekend, New York State is facing growing budget deficit in upcoming budget years.

The plan, which includes projections on state spending and tax revenue for the next five years, shows the state facing a $4 billion budget deficit in its 2018-19 budget year. It also projects budget deficits of $5.9 billion in the 2019-20 fiscal year and $7.5 billion in 2020-21. The Cuomo Administration continues to assume these deficits will be largely offset by unspecified cuts hold growth in state operations to two percent or less, though the administration has been accused of fudging its numbers to meet these targets.