Once again, New York State finds itself in the midst of a fiscal crisis. While the economic downturn drove many of the state’s budgetary problems, they have been agitated severely by opaque and rushed fiscal planning procedures. To address these procedural deficiencies, the Legislature in 2007 passed a series of budget reforms. They required everything from the creation of joint conference committees to the itemization of member items in resolutions. But as a recent Citizens Union of the City of New York report noted, many of these new rules are not being implemented as initially intended, or at all. Many proposals, such as establishing a multi-year budget cycle, creating an independent budget office and changing the start of the fiscal year, remain outstanding.
Recognizing how a better budget process is important to New York’s fiscal stability and economic recovery, the Senate Select Committee on Budget and Tax Reform, will hold a public hearing to discuss ways to improve transparency, forecasting and flexibility in the fiscal planning process.
WHO: Senate Committee Members: Liz Krueger (Chair), Bill Perkins, and Kevin Parker.
Independent Budget Office of New York City Deputy Director George Sweeting
Brookings Institution Senior Fellow Carol O'Cleireacain
Empire Center for New York State Policy Director E.J. McMahon
Citizens Union of the City of New York Executive Director Dick Dadey
Business Council of New York State Senior Director of Government Affairs Ken Pokalsky
Citizens Budget Commission Deputy Research Director Elizabeth Lyman
New Yorkers for Fiscal Fairness Executive Director Ronald Deutsch
League of Women Voters of New York State Issues and Advocacy Vice President Sally Robinson
New York State Association of Counties Executive Director Stephen Acquario.
WHEN: Thursday, December 17, 2009 at 12:30 p.m.
WHERE: Senate Hearing Room
250 Broadway, 19th floor
**Hearing will be livestreamed at http://www.livestream.com/nysenate2