The Deficit Shuffle, April 2010
The General Fund is the main operating fund of the State and is traditionally used to measure the State’s projected budget deficit.
New York State
Comptroller’s Fiscal Update: Closeout Analysis of State Fiscal Year 2009-10, 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.
Comptroller’s Fiscal Update: The Cost of Deficit Financing, 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.
DiNapoli: Current Status of the State Fiscal Year 2010-11 Budget, 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.
Report on the State Fiscal Year 2010-11 Enacted Budget, 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.
Planning for the Long Term: Capital Spending Reform in New York State, November 2010
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Over the past ten years, New York has spent $63.2 billion to support its capital program. Despite this significant investment, there are many critical capital needs across the State that remain unmet, calling into question the adequacy and effectiveness of the current capital planning and financing process.
Report on Estimated Receipts and Disbursements State Fiscal Years 2010-11 through 2012-13, 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.
Report on the State Fiscal Year 2011-12 Executive Budget, 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.
Comptroller’s Fiscal Update: Review of the SFY 2011-12 Executive Budget Amendments and Redesign Teams’ Recommendations, 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.
Report on the State Fiscal Year 2011-12 Enacted Budget, 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.