January 29, 2021

New York State Comptroller DiNapoli issues preliminary analysis of the 2021-22 Executive Budget

According to an initial analysis by New York State Comptroller Thomas P. DiNapoli, the Executive Budget for State Fiscal Year 2021-22 relies on a range of actions to respond to the pandemic as well as eliminate a looming gap – spending cuts, new revenues, use of fund balances and increased borrowing – demonstrating the need for significant federal aid.


The Comptroller’s analysis noted that federal funds are being used to pay for operating expenses typically covered by the General Fund, which could lead to greater out-year gaps and worsen the state’s structural imbalance between revenue and spending. He also questioned whether certain debt proposals were necessary.

 

Click HEREto access the Comptroller's preliminary analysis.

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