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    • 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
      http://www.ny.gov/governor/

       

       

       

      Robert Megna, Budget Director
      Division of Budget
      State Capitol, Room 113
      Albany, NY 12224
      Phone (518) 473-0580
      http://www.budget.state.ny.us/

       

       

      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.