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Hochul admin warns AI bubble burst could leave NY’s coffers dry
In a traditional yearly letter in which Gov. Kathy Hochul’s budget chief directs agency heads to craft a balanced budget presentation for the next fiscal year, Washington pointedly warned that Empire State tax receipts could take a hit if 2026’s bull markets give way following rapid investment into artificial intelligence.
Sources (1)· Oct 20, 7:21 PM
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