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. Read More
Tag: Budgets
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. Read More
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. Read More
E.J. McMahon, research director for the Empire Center for Public Policy, a fiscally conservative think tank, questioned the need for these projects. His organization found recent SAM allocations paid for projects he deemed frivolous such as a skate park and a local highway garage. “It’s this huge mutual back-scratching,” he said. Read More
In recent memory, New York’s budget negotiations typically end with the good, the bad, and the big ugly. Is it time to change the way the state budget is negotiated? We recapped this morning’s event on the topic with EJ McMahon, Founder and Research Director of the Empire Center, and former Assemblyman Richard Brodsky. Read More
The Empire Center for Public Policy earlier this week came out with its regular update on how much New York state government spends on local projects that have little to do with state needs like infrastructure and social programs and more to do with helping local state legislators get re-elected. Read More
Moving the start of the state fiscal year to July 1 and establishing a Legislative Budget Office are among the recommendations of the Empire Center to improve accountability in the budget process. Read More
A new analysis by the Empire State Center for Public Policy examines how the SAM program funded “pork barrel” capital projects across the state in the past year. Lawmakers have voted every year to authorize raising several hundred million dollars in borrowing for the program. Since the program was established in 2013, more than $2 billion in total public debt has been created. Read More