The state budget process continues to move forward.  Late last week, the Governor and Legislature announced agreement on a revenue forecast that is $200 million above the original Executive Budget estimate.

In other state budget news from Albany:

  • A group of Upstate business leaders are asking Gov. Cuomo and the Legislature to devote $2.5 billion for economic development — a $1 billion increase over what Gov. Cuomo proposed in his Executive Budget.
  • Rebuild NY Now, a coalition that includes local elected officials, members of organized labor, local Chambers of Commerce and representatives of private businesses are continuing to raise awareness of the state’s aging highways and bridges in an effort to convince the state to use a portion of the multi-billion budget surplus to fund infrastructure projects.
  • Environmental groups, supported by some lawmakers, are calling on the state to allocate an additional $800 million to pay for water and sewer infrastructure repairs.
  • Comptroller DiNapoli issued his review of the Governor’s Executive Budget amendments. His analysis questions the Governor’s decision to insert policy matters into appropriations bills.

The Senate and Assembly are finalizing their respective one-house budget bills.  The bills may be available as soon as today.

Both houses are expected to approve their respective one-house budgets by Thursday, which should be followed by the commencement of the budget conference committee process.