State Comptroller Tom DiNapoli relayed some more bad economic news for New York today. The state is broke.

According to DiNapoli’s calculations, the general fund ended the first quarter of the fiscal year with a negative balance and by more than $87 million.

EJ McMahon, Director of the Empire Center for New York State Policy, joined Kaitlyn Ross Monday night to discuss what being in the red could mean for how New York does business.

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