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S5742Senate2009-2010 Session

Limits state spending in state fiscal years 2010-2011, 2011-2012 and 2012-2013 to state spending in state fiscal year 2009-2010

Sponsor John A. DeFranciscoSD-50+26 co-sponsorsAffects Finance
Status
In Senate Committee
Finance
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Finance

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History

  1. Reported and committed to finance
  2. Referred to investigations and government operations
  3. Referred to investigations and government operations

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act to amend the legislative law, in relation to state spending for fiscal years 2010-2011, 2011-2012 and 2012-2013

Summary of specific provisions

Section 1 freezes the amount of general fund State spending which can be authorized by the State Legislature for State fiscal years 2010-2011, 2011-2012 and 2012-2013 at 2009-2010 fiscal year amount.

Section 2 establishes the effective date.

Justification

Despite a historic economic recession, the 2009-2010 finalized State Budget contained an unsustainable amount of spending, including new income and numerous other onerous taxes for most New York State taxpayers. In addition, despite a public outcry for Medicaid reform, little was done to address this primary driver of escalating spending. This bill will ensure that spending is contained at current year levels for the 2010-2011, 2011-2012 and 2012-2013 fiscal years. This action will afford New York State taxpayers, who bear the financial burden of these increases, assurance that State government is committed to addressing this runaway spending.

Prior legislative history

New bill.

Fiscal implications

This bill will reduce rather than increase State spending.

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.