Update on the 2015-2016 state budget

The state budget process continues to move forward. Late last week, Gov. Andrew Cuomo and the Legislature announced agreement on a revenue forecast that is $200 million above the original Executive Budget estimate.

Comptroller Thomas DiNapoli issued his review of the governor’s Executive Budget amendments. His analysis questions the governor’s decision to insert policy matters into appropriations bills. Meanwhile, the state Senate and Assembly are finalizing their respective one-house budget bills. The bills may be available soon as both houses are expected to approve their respective one-house budgets by Thursday, March 12, which should be followed by the commencement of the budget conference committee process.