Liz Krueger's posts related to Budget

Select Committee Releases Report on Changing New York's Fiscal Year

SENATOR KRUEGER UNVEILS REFORM PACKAGE TO COUNTERBALANCE NEW YORK’S STRUCTURAL BUDGET DEFICIT 

Select Committee on Budget and Tax Reform report identifies June 1 as a superior fiscal year start date for New York State

(Albany, NY) Senator Liz Krueger (D-Manhattan) released today a comprehensive package of legislation designed to install into New York State’s budget process the discipline and forward thinking that have long been absent from its fiscal planning process.

File: 
Fiscal Year White Paper

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Senator Krueger Announces Reforms To Fix NY's Broken Budget Process

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.  

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A Note on the Budget

As I am sure you know, New York State, like much of the nation, faces an insecure financial future. We have high unemployment, inadequate tax collections, and a structural budget imbalance. As Vice-Chair of the Senate Finance Committee, my main responsibility for the first part of this year is to evaluate proposals to address the State’s budget deficit. I recognize what a critical responsibility this is, and have been immersing myself in budget hearings and testimony from groups and individuals around the State to help me better understand our options.

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Results & Response to Budget Survey

Over the past several months, through a budget survey offered online and mailed to my constituents, I have been collecting feedback on how New Yorkers think the budget should be dealt with. More than 1,900 people provided informative responses, sharing many different perspectives on the budget while also highlighting the difficulties we face in trying to bring together so many diverse opinions.

File: 
budget survey results.pdf

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Senator Krueger Speaks On the Budget at The Rockefeller Institute

Lieutenant Governor Richard Ravitch has outlined a five-year financial plan under which New York State would be required to achieve and maintain structural budgetary balance. Leaders in the state Senate and Assembly have offered their own proposals for budget reform. This Institute forum brought together leading members of the Senate and Assembly majorities, and independent fiscal experts, to comment on the plan. Senator Krueger outlined proposals by the Senate Committee on Budget and Tax Reform.

For link to video please visit:

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Video: Select Committee Public Hearing on New York State Budget Reform

The Select Committee on Budget and Tax Reform held a public hearing on Dec. 17, 2009 in Manhattan on improving transparency, forecasting and flexibilty in New York State's budget process.

SENATOR KRUEGER & FELLOW DEMOCRATS RESTORE MONEY TO SENIOR CENTERS, AVOIDING DEVESTATING CUTS

For Immediate Release | June 14, 2010

Katie Kincaid | kincaid.nysenate@gmail.com | 646-784-0485

(Albany, NY) – State Senator Liz Krueger joined her Democratic Colleagues in voting to pass a budget extender which included a restoration of nearly $37 million in Title XX funds to be given to Senior Centers throughout New York City.

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Senator Krueger Discusses the Latest News on The Budget

Senator Liz Krueger sat down with NY1 to discuss the current status of New York State's budget.

"We passed most of the revenue within those emergency extenders and budget bills we already passed, so we’re not at the verge of closing down government," said State Senator Liz Krueger.

 Click here to see Liz Krueger explain the budget on NY1.

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