Last week, State Comptroller Tom DiNapoli issued a report in which he calls for reforms of certain state’s fiscal practices. He recommends limiting discretionary lump sum spending, restricting “backdoor spending” by public authorities and imposing a constitutional limit on state debt, among other reforms, that are intended to “bring increased transparency and accountability to state finances.”

Comptroller DiNapoli said:

“Too often New York’s approach to budgeting obscures spending and borrowing. The Governor and the Legislature deserve credit for putting the state on stronger financial footing, but it is time to fix the persistent problems and improve New York’s fiscal practices. Adoption of the reforms I am proposing would help put our state’s finances on a stronger path forward.”