STATE OF NEW YORK
________________________________________________________________________
4823
2015-2016 Regular Sessions
IN ASSEMBLY
February 6, 2015
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Introduced by M. of A. McLAUGHLIN, COOK, TEDISCO, RA, FITZPATRICK --
Multi-Sponsored by -- M. of A. ARROYO, BARCLAY, BLANKENBUSH, BORELLI,
CERETTO, CORWIN, CURRAN, FINCH, GARBARINO, GRAF, HAWLEY, LALOR,
MONTESANO, PALMESANO, RAIA, WALTER -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the state finance law, in relation to capping state
spending
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The state finance law is amended by adding a new section 28
2 to read as follows:
3 § 28. Establishment of annual spending cap. 1. Notwithstanding any
4 other provision of law to the contrary, there is hereby established a
5 state operating funds state spending cap. Commencing the first state
6 fiscal year after this section shall have become a law state operating
7 funds spending shall be capped at the rate of inflation, as averaged
8 over the prior three years.
9 2. The governor shall not submit, and the legislature shall not act
10 upon, a budget that contains any increase not in accordance with the
11 provisions of subdivision one of this section.
12 3. The governor shall certify in writing that state operating funds
13 spending in the executive budget does not exceed the provisions of
14 subdivision one of this section.
15 4. The comptroller shall provide, within five days of action by the
16 legislature upon the budget, a determination as to whether the state
17 operating funds spending as set forth in the state budget as enacted
18 exceeds the spending cap.
19 5. If the comptroller finds that state operating funds spending as set
20 forth in the state budget as enacted exceeds the spending cap, the
21 legislature shall take corrective action to ensure that funding is
22 limited to the amount of the spending cap.
23 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05693-01-5
