In a sign of a deepening state budget crisis, the Cuomo administration says it is planning to delay another $2 billion in Medicaid payments this coming spring, according to a recent report from the Budget Division.
Governor Cuomo has kept his perfect record of consistently ignoring the statutory deadline for issuing a mid-year financial plan update.
This Gov. Hugh L. Carey Policy Forum forum will draw attention to the Medicaid spending surge, trace its underlying causes, and point the way to constructive solutions.
Is the Cuomo administration disclosing its payouts from the $2 billion Health Care Transformation Fund as required law? You be the judge.
The newly posted July cash report from the comptroller's office shows that state-funded Medicaid expenditures ran over budget projections by $665 million, or almost 8 percent, through the first four months of the fiscal year. If that pattern continues, the full-year overage would approach $2 billion.
When lawmakers in Albany passed the state budget last spring, Gov. Andrew Cuomo declared it “both timely and fiscally responsible.” Timely was true enough. But fiscally responsible? Not so much.
When New York's current state budget was enacted, Governor Andrew Cuomo hailed it as "the broadest and most sweeping" of his tenure, adding that "for the ninth straight year it was both timely and fiscally responsible."
"Timely," yes: budget bills were passed by the Legislature just in time for the April 1 dawn of a new fiscal year.
As for "fiscally responsible"—well, that's more a matter of opinion.
This year's state budget came with a hidden asterisk: In the final throes of his negotiations with legislative leaders, Governor Cuomo quietly postponed a month's worth of Medicaid payments from the last week of March to the first week of April – shifting $1.7 billion in spending from one fiscal year to the next.