-
When local taxes are combined with state taxes, New York State has the 2nd highest tax burden in the U.S., 34% higher than the U.S. average.
-
If State Budget spending had been kept at the rate of inflation since 1999, New York’s budget would be $39 billion lower, which could have prevented this year’s $9.2 billion budget deficit and lowered the overall tax burden.
-
New York State pays more than $6 billion a year to service its debt, and in four years, it will be over $7 billion. With $1 out of every $10 in state tax revenues being used to service New York’s growing debt, it is clear why we cannot afford to borrow.
and Restore the State’s Economy
In order to properly reform the State Budget process, I support the following proposals:
-
Require that the previous year’s budget is put in place no later than 72 hours after the start of a new fiscal year to ensure that we have an on-time budget.
-
Prohibit any consideration of non-budget bills after the April 1 deadline if the state budget has not been passed.
-
Establish term limits on leadership positions in the Assembly and Senate.
-
Establish a spending cap that limits the growth of state spending year to year.
-
Require a super-majority (2/3) vote for final passage of any bill that imposes a new tax.
-
Prohibit legislative recess until the budget is passed.
-
Place a moratorium on member items, or “pork barrel spending”, during a state budget fiscal crisis.
-
Mandate that all bills brought to a vote in the Assembly include information on the financial impacts of their passage.
-
Reform Medicaid services to end the fraud that wastes nearly $4 billion every year.
-
Temporarily halt state government purchases of private land.
-
Consolidate and streamline state agencies.
-
Uphold the 2007 budget reforms that required the budget process to be open and transparent with legislative joint conference committee meetings, ending the ‘three men in a room’ process.
-
NO NEW TAXES OR FEES, REDUCE GOVERNMENT SPENDING, STOP BORROWING.
I have long said that the closed budget process has always been the root of New York’s fiscal problems. Year in and year out, the rank-and-file members of the Legislature and their constituents are left in the dark while our state’s fiscal policy is decided on.
As a result, the state budget deficit ballooned to $9.2 billion this year, and the state’s overall debt is now over $57 billion. I believe that these reform proposals are the first steps toward bringing back fiscal restraint to New York State government.
In Albany, I will continue to fight for these reforms that will help bring families, businesses, and jobs back to New York.