New York Capital Brief:
February 09, 2024
| NYS Budget Update
On January 17, 2024 Governor Hochul released her Executive Budget Proposal. The Governor has statutory authority to release 21-day and 30-day amendments to her proposal. Though the window for 21-day amendments has passed, our team expects 30-day amendments to be released on or before February 15, 2024. The NYS Legislature has continued the budget process by holding Joint Budget Subcommittees on each section of the Budget. Halfway through that process, the hearings have yielded testimony from government agencies and stakeholders. With the Governor’s call to keep spending flat, many of the testimonies given focused on maintaining funding, with very few agencies expecting an increase for programming this year. Once testimony is gathered from all subcommittees, both Houses of the Legislature prepare their one-house budget proposals. We expect the one-house budget to be released sometime in early to mid-March. |
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New York Capitol Brief:
October 13, 2023
NY’s Predicted Budget Deficit
New York’s fiscal landscape is facing a significant challenge, with the State Division of Budget forecasting a budget deficit of $9.1 billion for the upcoming year with increased holes in subsequent years.
Comptroller DiNapoli’s recent report highlights the fiscal predicament, noting that revenues are expected to decline year-over-year in the current fiscal year. At the same time, expenditures are projected to grow at a faster rate. The report underscores the ongoing economic impact of COVID-19, including the struggle to recover all jobs lost during the pandemic.Budget Director Blake Washington has instructed State agencies to submit flat 2024 spending plans with no increases. Governor Hochul has said she is determined to avoid tapping into the reserve funds or raising taxes to bridge the deficit. The Legislature is likely to offer a variety of counter-proposals in an attempt to preserve programs and services. Already, the fiscally conservative Empire Center is advocating for spending cuts, particularly to Medicaid and education aid, while the more liberal Fiscal Policy Institute is calling for the use of reserves and targeted tax increases.
The budget-making process will formally kick off in mid-January with the Governor’s Executive Budget Proposal, followed by Budget hearings, legislative responses, and a final enacted budget due by ...
New York Capital Brief:
April 28, 2023
Conceptual Budget Agreement Reached
After surpassing the statutory deadline by 28 days and counting, Governor Hochul confirmed in a surprise Thursday evening press conference that “a conceptual [budget] agreement has been reached.” State Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie were not pr...
New York Capitol Brief:
April 21, 2023
Budget Deadline to Be Extended Yet Again
After missing the April 1st statutory budget deadline and passing three initial budget extender bills. Legislators met Thursday, April 20 to approve a fourth extender, which is set to expire at Noon Mond...
New York Capital Brief:
April 07, 2023
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Budget Deadline to Be Extended Again After missing the April 1st statutory budget deadline and passing a temporary budget extender bill this past Monday, the Legislature is preparing to pass another one-week extender bill on Monday, April 10. |
Chief Judge Selection Process
Last week, Governor Hochul introduced legislation that would modify the judicial nominating process and prevent the Court of Appeals from operating with only six of its seven members for extended periods.
If the legislation is approved, it will allow the Governor to nominate a Court of Appeals Associate Judge to become Chief Judge. If the Senate confirms that nominee, the Governor could pick from the remaining finalists to fill the vacancy created by the selection of the new Chief Judge. The bill’s introduction could indicate that she is considering nominating one of the Court of Appeals’ sitting justices to be the next Chief Judge of the State’s highest court.
The bill’s introduction coincides with the Governor’s review of a new list of finalists for Chief Judge that the Commission on Judicial Nomination issued last week. The list includes three Associate Judges serving on the Court of Appeals. The New York State Bar Association, list all of the potential candidates for the post as either “well...
New York Capital Brief:
March 31, 2023
New York’s State Budget is Expected to be Late
New York’s State Budget is due April 1st, but State lawmakers acknowledged Thursday that it...
New York Capital Brief:
March 24, 2023
Budget Negotiations Gear Up
The General Budget Conference Committee, known colloquially as “The Mothership,” held its first meeting this Monday, officially kicking off budget negotiations for the fiscal year...
New York Capital Brief:
March 03, 2023
Encore for Former Budget Director
On Tuesday, Governor Kathy Hochul announced the appointment of Robert Megna as New York State Budget ...
New York Capital Brief:
February 20, 2023
Governor Hochul’s State Budget Proposal
Last Wednesday, Governor Hochul proposed a $227 billion State budget, a plan that would increase direct aid to schools and health care networks, fund measures to bolster public safety and law enforcement, as well as expand hous...
New York Capital Brief:
January 26, 2023
NYS Hospitals to Reopen 850 Psych Beds
NYS-regulated hospitals have just three more weeks to submit their plans for reopening 850 psychiatric beds, following a directive announced by Governor Hochul during her State of the Sta...