CARS HOMES JOBS

DiNapoli see problems with Cuomo budget

Wednesday, February 13, 2013
Text Size: A | A

— 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.

DiNapoli also says Wednesday it increases so-called “back-door borrowing” that isn’t subject to voter approval.

The Cuomo administration says DiNapoli’s review was based on misunderstandings and misrepresentations of a balanced budget that controls spending and borrowing.

Senate Republicans have criticized Cuomo’s plan to renew a business tax due to expire.

 
Share story: print print email email facebook facebook reddit reddit

comments

Log-in to post a comment.
 

columnists & blogs


Log into Dailygazette.com

Forgot Password?

Subscribe

Username:
Password: