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Iran Conflict Intensifies Focus on Affordability
Professor of Finance Anoop Rai spoke to Newsday about economic fallout from the Iran campaign, which is refocusing attention on rising costs at a time when affordability was already a top concern, locally and nationally. If the economy cools down, it could reduce the state’s tax revenues, and any actions lawmakers take to further help with affordability could lead to greater deficits, said Dr. Rai. “Then it becomes more like a philosophy. Do you help now during bad times and then try to recover later, or stick to your principles and say ‘tough luck’?”
