State Comptroller Tom DiNapoli has released his analysis of the state’s enacted 2016-17 budget, which totals between $155.6 billion and $156.1 in spending, raising criticisms of increased borrowing and the lack of transparency in the process.
Comptroller DiNapoli said:
“The creation of a paid family leave program and increases in the state minimum wage will help distribute the benefits of economic growth more broadly among New Yorkers, while the boost in education funding will help school districts around the state. Despite these accomplishments, the state budget should be created with transparency and this budget came together at the last minute and with little public scrutiny. While the state’s financial footing is currently sound, there are open questions regarding the use of lump sum appropriations and whether future spending will match future revenue.”
We are very concerned about the budget’s significant increase state debt, while also shifting significant state spending off-budget and to public authorities.