Assemblyman Bob Oaks (R,C-Macedon) gave mixed reviews to yesterday’s release of Governor Spitzer’s 2007-08 New York State budget. “I agree with the overall themes of property tax relief and increased education aid, but it includes far too much overall spending,” said Oaks.
The governor’s Executive Budget is a $120 billion plan that spends an additional $7 billion, when compared to the 2006-07 budget.
Specific provisions in the Executive Budget include:
- $1.5 billion expansion of the School Tax Relief (STAR) program
- An additional $1.4 billion to the state’s $17.8 billion in education spending
- A “Contract for Excellence” to expand education accountability
- A $1 billion reduction in Medicaid spending
- Drastically reforming the Wicks Law
The Governor’s proposal begins the budget negotiation process that will last over the next two months, and hopefully yield a completed budget by the April 1 deadline. “Recently, Governor Spitzer talked about holding down spending increases but this budget proposal would spend at twice the rate of inflation,” stated Oaks. “This is a deep concern and counter-productive to our efforts to hold down taxes, improve the business climate and create new jobs,” concluded Oaks.