ALBANY, N.Y. (AP) — New York state's comptroller says there are some big question marks in Gov. Andrew Cuomo's budget proposal. Comptroller Thomas DiNapoli says it would increase debt, rely on one-shot revenues, and includes overly optimistic projections of tax revenues.
DiNapoli did credit the budget as a move toward long-term fiscal balance.
Cuomo's $143 billion proposal is boosted by anticipated federal disaster aid. The current budget is $134 billion.
DiNapoli criticized the 2013-14 spending plan for relying on $1.4 billion in temporary revenue.
There’s a new system ready to be put in place in New York State to help identify local governments and school districts under financial strain. The idea is to flag financial problems before they spiral into a crisis.
The New York State Comptroller’s office has finalized plans to implement a statewide fiscal monitoring system to identify local governments and school districts under or nearing financial stress, by classifying their fiscal conditions. Brian Butry is a spokesman for State Comptroller Thomas DiNapoli.