ERIC ED431210: Budget Analysis: Review of the pdf

ERIC ED431210: Budget Analysis: Review of the

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Description of the Book:

This report provides an overview of the 1999-2000 executive budget for New York State. The budget calls for $72.7 billion in all funds spending and proposes that a $1.8 billion surplus from the 1998-99 fiscal year be used to fill budget gaps in fiscal years 2000-01 and 2001-02. The report focuses on spending for education, health and social services, revenue actions, and debt and capital. It opens with a financial overview, which discusses budget construction, surpluses, the budget process, and structural balance. The document outlines the perceived lack of equity in education finance and the financial status of higher education in the state. It discusses medicaid and welfare, child health insurance, the tobacco settlement, public assistance, and a proposed capital plan that marks a significant departure from recent debt issuance and capital-financing plans. Revenue actions are also highlighted, including tax cuts, fee actions, debt and debt service, financing sources, capital spending, and a debt-reform proposal.

The overview states that the budget gap for 1999-2000 is small when compared to the gaps faced in recent years and has fallen substantially since its initial projection. Out-year gaps have also improved, which is due to reestimating revenue and spending and the availability of the $1.8 billion surplus. (RJM

• Creator/s: ERIC
• Date: 2/23/1999
• Year: 1999
• Book Topics/Themes: ERIC Archive, Budgeting, Educational Finance, Elementary Secondary Education, Expenditures, Higher Education, Operating Expenses, Program Budgeting, State Government

An excerpt captured from the PDF book