State Budget Update

March 27, 2020

As state leaders prepare to return to Albany next week to pass a new state budget, Governor Cuomo is seeking significant changes to the way in which the state manages the state budget through the coming fiscal year.  The Governor is pushing hard to enact a new budget based on actual revenue instead of projections.  And he seeks a more flexible budget approach that, if accepted, could have a dramatic impact on health care providers and others that rely on state funding.  This would include the ability to make changes to the state’s financial plan throughout the year.  

Below are links to several articles that do a good job of describing the context facing lawmakers, the Governor’s intentions, and some of the implications of these  changes.

 New York prepares its budget.  (Albany Times Union)

flexible budget approach,  (Buffalo News)