Last Friday, State Comptroller Tom DiNapoli released his review of the Governor’s 2017-18 Executive Budget proposal. The report notes that “the budget proposal comes at a time of significant risk involving the federal budget,” and that the budget relies on $54.3 billion in federal assistance – about one-third of the overall spending plan.
The Comptroller expresses concerns about certain aspects of the proposal that would “give the Executive expanded authority to reshape the budget after it has been adopted by the Legislature” and proposed limits on the Comptroller’s independent oversight, including review of various contracts and debt issuances.
Comptroller DiNapoli said:
“The 2017-18 Executive Budget seeks to balance spending and revenue and proposes much needed capital investments in clean water projects while increasing funding for education, health care and other programs. Still, several proposals raise issues regarding checks and balances over use of the public’s dollars and would diminish independent oversight.”
Obviously, what is happening in Washington under the new Trump Administration could have significant impacts on New York State’s budget.