Press Releases
CONTACT:
Press Office
(518) 474-4015

 FOR RELEASE:

Immediately
March 2, 2010



State Comptroller DiNapoli’s Statement
on the Consensus Revenue Forecast


“The overall revenue consensus number looks reasonable. But there are still some questionable and risky revenue assumptions. The VLT revenues from Aqueduct and the Battery Park City Authority revenues are two very big ifs.

“I called last year’s budget a buy time budget, and we all saw what happened when time ran out. The consensus is a good start, but this year’s budget process must be better than last year’s. Everyone in Albany has to learn the lesson that New York families already know: the state has to align its spending with its revenue.

“That starts with understanding that the consensus revenue forecast must be the bottom line. There cannot be any magically appearing revenues that suddenly let the budget explode with new spending.”

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