NY State Senate Bill 2019-S8376

Senate Bill S8376

2019-2020 Legislative Session

Relates to requiring the director of the budget to provide monthly budget updates to the legislature

download bill text pdf

Archive: Last Bill Status - In Senate Committee Finance Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 19, 2020	referred to finance

2019-S8376 (ACTIVE) - Details

See Assembly Version of this Bill:: A10501
Current Committee:: Senate Finance
Law Section:: State Finance Law
Laws Affected:: Add §22-d, St Fin L
Versions Introduced in Other Legislative Sessions:: 2021-2022: S4836, A102
2023-2024: S4373

2019-S8376 (ACTIVE) - Summary

Requires the director of the budget to provide monthly budget updates to the legislature including a detailed description of revenue shortfalls, spending overages, and any proposed adjustments to appropriations or disbursements pursuant to authorization granted in the two thousand twenty--twenty-one enacted budget.

2019-S8376 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S8376

SPONSOR: METZGER
 
TITLE OF BILL:

An act to amend the state finance law, in relation to requiring the
director of the budget to provide monthly budget updates to the legisla-
ture; and providing for the repeal of such provisions upon the expira-
tion thereof

 
SUMMARY OF PROVISIONS:

Section 1 amends state finance law by adding a new section 22-D that
requires the director of the budget to provide monthly updates on the
economic and revenue outlook of the state, which shall include any
proposed adjustments to appropriations or disbursements pursuant to the
authorization granted in the 2020-21 enacted budget. Such updates shall
be sent to the legislature and posted on the division of budget's
website. The director of the budget shall provide a means by which the
public may submit comments and suggestions, and shall take such comments
and suggestions into consideration when making any adjustments.

Section 2 is the effective date.

 
JUSTIFICATION:

Due to the unprecedented fiscal uncertainty created by the COVID-19
pandemic and its impacts on New York's economy, the 2020-21 enacted
budget authorized the director of the budget to reevaluate the state's
fiscal outlook on a periodic basis and make proposed adjustments to
appropriations and disbursements if the state general fund is imbal-
anced. The legislature is then given ten days to review the adjustments
and make any alternate proposals it determines are appropriate.

The state budget affects the lives of New Yorkers in a multitude of
ways, providing funds for schools, healthcare, roads, social services,
environmental protection and much more. Given the flexibility granted to
the director of the budget to ensure a balanced budget, citizens deserve
to have timely information on the fiscal circumstances of the state and
the opportunity to weigh in on any proposed budget changes made during
the fiscal year. This bill would require the director of the budget to
provide monthly fiscal outlook updates to the legislature and the
public, and to offer a means for the public to provide comments and
suggestions on any proposed budgetary changes, which the director shall
take into consideration.

 
PRIOR LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

Undetermined.

 
EFFECTIVE DATE:
This act shall take effect immediately and shall expire and be deemed
repealed on April 1, 2021.

2019-S8376 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8376
 
                             I N  S E N A T E
 
                               May 19, 2020
                                ___________
 
 Introduced  by  Sen. METZGER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Finance
 
 AN ACT to amend the state finance law,  in  relation  to  requiring  the
   director of the budget to provide monthly budget updates to the legis-
   lature; and providing for the repeal of such provisions upon the expi-
   ration thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The state finance law is amended by adding  a  new  section
 22-d to read as follows:
   §  22-D.  MONTHLY FINANCIAL UPDATES. 1. ON OR BEFORE THE FIRST OF EACH
 MONTH, THE DIRECTOR OF THE BUDGET SHALL PROVIDE MONTHLY UPDATES  ON  THE
 ECONOMIC  AND  REVENUE OUTLOOK OF THE STATE. SUCH UPDATES SHALL INCLUDE,
 BUT NOT BE LIMITED TO, A DETAILED  DESCRIPTION  OF  REVENUE  SHORTFALLS,
 SPENDING  OVERAGES,  CASH FLOWS, BORROWING, AND ANY PROPOSED ADJUSTMENTS
 TO APPROPRIATIONS OR DISBURSEMENTS PURSUANT TO AUTHORIZATION GRANTED  IN
 THE  TWO  THOUSAND  TWENTY--TWENTY-ONE  ENACTED  BUDGET.  A COPY OF SUCH
 UPDATES SHALL BE SENT TO THE TEMPORARY PRESIDENT OF THE SENATE  AND  THE
 SPEAKER OF THE ASSEMBLY.  SUCH UPDATES SHALL ALSO BE POSTED CONSPICUOUS-
 LY ON THE DIVISION OF BUDGET'S WEBSITE.
   2.  THE  DIRECTOR  OF  THE  BUDGET  SHALL PROVIDE A MEANS BY WHICH ANY
 STAKEHOLDER OR MEMBER OF THE PUBLIC MAY SUBMIT COMMENTS  OR  SUGGESTIONS
 ON SUCH UPDATES. THE DIRECTOR OF THE BUDGET SHALL TAKE SUCH COMMENTS AND
 SUGGESTIONS  INTO CONSIDERATION WHEN MAKING ANY ADJUSTMENTS TO APPROPRI-
 ATIONS AND DISBURSEMENTS PURSUANT TO AUTHORIZATION GRANTED  IN  THE  TWO
 THOUSAND TWENTY--TWENTY-ONE ENACTED BUDGET.
   3. THE DIRECTOR OF THE BUDGET MAY PROVIDE ANY ADDITIONAL UPDATES AS HE
 OR SHE DEEMS APPROPRIATE. SUCH ADDITIONAL UPDATES SHALL BE DONE PURSUANT
 TO THE PROCESS ESTABLISHED IN THIS SECTION.
   §  2.  This  act shall take effect immediately and shall expire and be
 deemed repealed April 1, 2021.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16342-02-0

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