“The governor’s Updated Financial plan confirms the concerns I raised in April when the state budget was adopted. New York has a very real and growing problem, and the state still has not made enough progress toward aligning recurring spending with recurring revenues.
“The June cash report my office released last week indicated
weaknesses in revenues for the first quarter that were offset by
one-time payments and delayed spending. Those weaknesses have not been
“The governor and Legislature need to focus
on addressing this year’s problems. But they also have to look at the
real and difficult choices necessary to solve New York’s bad habit of
spending money we simply don’t have.”
- New York State Comptroller Thomas DiNapoli
Senator Darrel Aubertine, Assemblywoman Addie Jenne Russell and the rest of the Democrats in Albany have a terrible habit of taxing and spending, then taxing some more and spending and spending and spending.
If the budget is left
unchecked the deficit will grow to $4.6 billion in
2010-11, $13.3 billion in 2011-12 and $18.2 billion in 2012-13,
according to the state Division of Budget. But, it will not be left unchecked, they will raise fees and taxes to cover their spending habits that they can't kick.
New York States faces its worst unemployment since the 70's. The unemployed number 854,200 is the highest since 1976. Yet, New York State's budget this year contained a 10% increase in spending, a whopping $8 billion package of hikes in taxes and fees, along with elimination of STAR rebate checks to taxpayers and what are the results - a 2+ billion dollar deficit or no jobs in New York State.