State Comptroller questions Governor's proposed budget
Wed, 13 Feb 2013 21:25:46 GMT —
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, relies 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.