New York

  • In The News
  • Background
  • Issues
  • Solutions
  • Pensions
  • Commentary
    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines : New York

      NY gets federal OK to reinvest $8B in Medicaid savings

      The Albany Times Union | by Claire Hughes | April 15, 2014

      The long-awaited waiver is $2 billion short of what the state had asked for in 2012.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Budget timeline: Annual 

      Fiscal Year starts: April 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.


      NY Gov Cuomo

      Gov. Andrew Cuomo
      Office of Governor Andrew Cuomo
      State Capitol
      Albany, NY 12224
      Phone: (518) 474-7516




      Robert Megna, Budget Director
      Division of Budget
      State Capitol, Room 113
      Albany, NY 12224
      Phone (518) 473-0580



      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities.  


      New York is required to pass a "balanced budget." Article 7, Section 2 of the Constitution states the governor must present a budget of all expenditures, and the revenue sources, including new taxes, to meet those expenditures. Section 54 of the State law then charges the legislature to demonstrate its changes to the proposed budget follow Article 7. Despite these provisions, budget deficits (negative net transactions) were reported on the State's Budgetary Comparison Schedules for two of the three years examined. Under New York law, deficits can be carried over from one year to the next.


      The State reports three major individual governmental funds: the General Fund, the Major Special Revenue Fund, and the General Obligation Debt Service Fund. All three major funds are budgeted (The General Obligation Debt Service Fund is not budgeted in FY05, but it is also not reported as a governmental fund). Non-major Funds that are budgeted: Special Revenue 3 and "other" out of 10, Debt Service Funds 3 and "other" out of 6 (7 FY05), and 4 and other out of 12 (11 FY06, FY05). Budgetary Comparison Schedules are missing beginning and ending balances. [from the Institute for Truth in Accounting]


      Find the state's bond ratings here.


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    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.