Listen: http://wamc.org/post/blair-horner-budget-battle-begins
The New York State budget fight begins this week with the governor offering his budget plan. The governor’s budget will be massive – probably $135 billion of spending. Over 95 percent of it will become law without much fuss.
The budget is really about two things: spending, and the policies that trigger that spending. The budget includes two sets of bills – bills to set spending limits and bills that propose policy changes that are necessary for the governor’s proposed spending. How the budget battle plays out will likely hinge on whether – and to what extent – the legislature agrees with the governor’s proposed spending and with his policy initiatives.
If state spending levels are maintained and adjusted for increased costs, New York is facing a $1.7 billion deficit. The governor maintains that his budget will turn that into a surplus big enough to fund tax cuts worth $2 billion. Read the rest of this entry »