Reports

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Budget & Finances

April 2013 —

New York State's Enacted Budget for the 2013-14 State Fiscal Year (SFY) reflects a continuing effort by the Executive and the Legislature to restrain spending, while holding projected gaps for the next three years to more manageable levels than has been the case over most of the past decade.

Budget & Finances, Federal Issues

March 2013 —

The Executive Budget for State Fiscal Year (SFY) 2013-14 was released by the Executive on January 22, 2013. On February 21, the Executive submitted final amendments to the proposed budget, to supplement the 21-day amendments previously released.

Budget & Finances

February 2013 —

The State Fiscal Year (SFY) 2013-14 Executive Budget continues the State’s effort to move toward long-term structural balance.

Budget & Finances

November 2012 —

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2012-13 through SFY 2014-15, issued pursuant to Chapter 1 of the Laws of 2007, is intended to enhance analysis and discussion of the State’s economic condition and the State Budget.

Budget & Finances

October 2012 —

Midway through the current fiscal year, tax revenue trends in New York State are running below projections, signaling the need for careful monitoring by State officials and policy makers over the next six months.

Budget & Finances

June 2012 —

New York is embarked on a new era of State and local fiscal policy. The State is working to resolve longstanding budgetary problems through ambitious policy changes, the full impacts of which will become clear only over time.

Budget & Finances

April 2012 —

Cost containment actions in the State Fiscal Year (SFY) 2011-12 Enacted Budget, including spending caps for State-funded Medicaid and school aid, have greatly reduced the structural deficit that has long plagued the State.

Budget & Finances

February 2012 —

As Chief Fiscal Officer for the State of New York, the Comptroller annually examines the Executive Budget proposal and the Enacted Budget, as well as issues monthly reports on the State’s cash position. This report provides an analysis of the State Fiscal Year (SFY) 2012-13 Executive Budget.

Budget & Finances

November 2011 —

The Office of the State Comptroller maintains extensive data on receipts and disbursements, which reflect the flow of revenues and expenditures through the State’s Central Accounting System (CAS).

Budget & Finances

November 2011 —

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2011-12 through SFY 2013-14, issued pursuant to Chapter 1 of the Laws of 2007, is intended to facilitate continuing discussion of the State’s economic condition and the State Budget.

Budget & Finances

May 2011 —

For many years, budgets in New York State, in addition to being enacted after the start of the fiscal year, have been characterized by overly optimistic revenue estimates, unrealistic spending targets, and excessive reliance on temporary or non-recurring revenues.

Budget & Finances

March 2011 —

The budget process for State Fiscal Year (SFY) 2011-12 is well underway, with several milestones reached. On March 1, the Executive and the Legislature reached consensus on an economic and revenue forecast for the current year and the next, and on March 3, the Executive submitted final amendments to the proposed budget.

Budget & Finances

February 2011 —

The State Fiscal Year (SFY) 2011-12 Executive Budget makes significant progress in addressing the State’s structural deficit by bringing recurring spending into better alignment with recurring revenue.

Budget & Finances

November 2010 —

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2010-11 through SFY 2012-13, issued pursuant to Chapter 1 of the Laws of 2007, is intended to facilitate continuing discussion of the State’s economic condition and the State Budget.

Budget & Finances

September 2010 —

As with other states, New York State has struggled with the lasting effects of the nation’s longest recession since the Great Depression of the 1930s.

Budget & Finances

July 2010 —

The 2010-11 State Fiscal Year (SFY) began more than 100 days ago, but the State budget is still incomplete. Since March, the Executive has proposed and the Legislature has enacted 12 temporary spending bills to allow governmental functions to continue during the budget delay.

Budget & Finances

May 2010 —

The proposed State Fiscal Year (SFY) 2010-11 Executive Budget released in January projected a five-year cumulative current services deficit exceeding $60 billion.

Budget & Finances, Health & Welfare

May 2010 —

In State Fiscal Year (SFY) 2009-10, All Funds spending for New York State amounted to $126.9 billion. Of this amount, approximately $38.4 billion or 30.2 percent was spent on Medicaid.

Budget & Finances

April 2010 —

While the State ended State Fiscal Year (SFY) 2009-10 with a positive General Fund balance and all restricted reserves intact, this was accomplished because the Executive delayed $1.1 billion more in payments than had been anticipated in February.

Budget & Finances

March 2010 —

The need for fiscal reform in New York State could not be more compelling. Despite significant spending cuts and revenue increases proposed in the Executive Budget, New York State still faces major projected budget gaps in future years—a cumulative three-year General Fund budget deficit that could exceed $30 billion through State Fiscal Year (SFY) 2013-14.