Budget Solution For Today And The Future

 

ALBANY, 11/19/09 – Senator James L. Seward (R/C/I-Oneonta) today commented on the ongoing budget negotiations:


“As work continues to address a projected $3.2 billion dollar state budget deficit, I stand ready to work in a bipartisan manner to bring a long-term solution to the taxpayers of New York.  I have signed on to a plan that will utilize recurring savings and common sense cuts to balance the state budget without new taxes and fees.    This plan avoids mid- year school aid cuts and damaging reductions to our local hospitals and nursing homes.  We cannot solve the state’s fiscal problems on the backs of our local property owners who are already at the breaking point.  I would also hope that a state spending cap would be part of the final plan so that we can avoid going down this road again in future years.”


 


 SFY 2009-10 Mid-Year Cuts and Budget Savings Actions


 


Senate DRP Compromise Plan 


             Mid-Year Deficit Reduction Action                                       Amount 


Local Assistance Across the Board Reductions*                             $381 million


Reduce State Agency Non-personal Service Spending*                  $500 million


Battery Park City Authority Fund Transfer                                       $200 million


Tax Penalty Forgiveness Program                                                    $250 million


Video Lottery Terminal (VLT) franchise payment                             $200 million


Increased Medicaid Fraud Recoveries*                                           $150 million


Other Actions                                                                                  $150 million


Debt Service Savings*                                                                     $100 million


Regional Green Gas Initiative (RGGI/Surplus Funds)                        $ 90 million


Workers Compensation Surplus Recapture                                      $ 49 million


Revenue Reestimate                                                                         $ 45 million


Dormitory Authority Fund Transfer                                                   $ 26 million


Fund Transfer from the Environmental Protection Fund                      $ 10 million


Dormant Funds                                                                                 $   5 million


Moratorium on Open Space Land Purchases*                                   $ 30 million


Fiscal Stabilization ARRA Education Funds                                        $391 million


POTENTIAL AGREED ACTIONS                                              $2.577 billion


 


Reduction of Current Year Legislative Additions/Restorations


to the Governors Budget*                                                                  $437 million


Reinstitute Medicaid and Welfare Anti-Fraud/Taxpayer


protections*                                                                                       $ 34 million


Increase Non-Resident State University Tuition                                   $100 million


 


OTHER PROPOSED ACTIONS                                                   $571 million 


TOTAL DEFICIT REDUCTION ACTIONS                                $3.148 billion


SPENDING REDUCTIONS SUB-TOTAL                                   $1.448 billion


 *Recurring Budget Savings Total - $1.632 billion