Over the weekend, the NYS Division of Budget released the FY 2021 Enacted Budget Financial Plan. The financial plan details the current revenue shortfall and indicates the necessity for $10.1 billion in spending reductions, including $8.2 billion in recurring reductions in aid to localities expenditures. The specific cuts are not detailed. Such details will likely be provided to the legislature within the coming weeks as part of the Executive’s review of Budget, due May 1.