A Ricochet Blow For the North Country?

When Comptroller Thomas DiNapoli issued his dreary outlook for New York state’s economy, the good news (if you can call it that) seemed to be that most of the job losses are concentrated far, far from the North Country.

DiNapoli predicts that 175,000 of the 225,000 lost positions will be in New York City.

But the snap-back of all those losses downstate will be a massive bleed of tax revenue: as much as $6.5 billion lost from the finance sector alone.

DiNapoli is talking about New York needing a federal bailout — one that would likely make the bailout for the Big Three automakers pale by comparison.

If things get that bad, Albany funding for North Country jobs and projects could evaporate. Stay tuned (or hide your head under your pillow.)