For Immediate Release: April 7, 2010Katie Kincaid | Kincaid.nysenate@gmail.com | 646-784-0485
Two-year, GAAP & Performance Based Budgeting, June 1 Fiscal YearKey Reforms to End Albany’s Decades of Fiscal Dysfunction
(Albany, NY) State Senator Liz Krueger today unveiled comprehensive reforms to fix the State’s broken budget process and give New Yorkers a fiscally responsible budget. For decades, Albany ignored the need for wholesale changes to the budget process, instead opting for quick fix gimmicks and government by guesswork. Within their first term in the Majority, Senate Democrats created a 7-point legislative package, sponsored by Senator Liz Krueger (D-Manhattan) which provides for long-term financial planning, the enactment of stricter accounting principles, and mandates stringent standards of accountability for State-financed programs and services.