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Two Year Progress Report

Two Year Progress Report

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Published by Celeste Katz

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Published by: Celeste Katz on Dec 18, 2012
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12/21/2012

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Building a 
Ne
 New Yor
Two Year Progress Report 
Governor Andrew M. Cuomo
December 2012
 
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Overview
 Twenty our months ago, Andrew M. Cuomo was sworn in as the 56
th
Governor o NewYork. He came into oce at a critical period in the history o our state: substantial job lossesand the exodus o businesses had severely weakened the state’s nancial condition andlet many New Yorkers eeling hopeless about the uture. Years o political dysunction,ineective government, and a scandal-ridden environment had led many to lose their aithand trust in Albany.Governor Cuomo recognized that New York was at a crossroads: it could continue down apath o decline, or honestly ace its problems and tackle them head-on. He recognized that totransorm the government in Albany, it was imperative that we make the state governmentwork again. And he recognized that all o it—scal sustainability, a unctioning economyand a responsible government—is the undamental precursor to making our state a moreair and just place or everyone. In his rst month in oce, Governor Cuomo proposed atransormational plan or a new New York and began a 24-month journey to make it a reality. The path to change was not easy. Entrenched interests had resisted change or decades, butdrawing strength rom the people o New York, Governor Cuomo orged a path orward byengaging citizens in the process o governing every step o the way. Time and time again, he produced results on issues that had been intractable or decades. Hebalanced the State’s budget two years in a row and brought long-term stability to our statenances. He passed a property tax cap and public pension reorm to reduce the growingburden o property taxes on our amilies and businesses. He led the ght or ethics reorm,providing or true transparency. He moved our state’s education system to ocus on studentachievement and accountability. And he helped restore our state’s reputation as the progressivecapital o the nation with the passage o the Marriage Equality Act and a progressive agendaaimed at making New York a more air and just place or all New Yorkers.
Restoring the State to Long-Term Fiscal Stability
 The Governor began his transormation by restoring New York’s scal integrity. Within amonth o taking oce, he delivered to the Legislature a historic budget that closed the State’s$10 billion budget decit with no new taxes, ees, or gimmicks, and led the eort to achieveits timely passage, the rst on-time budget in years. The 2011-2012 budget undamentallychanged the way the budget process worked by eliminating certain automatic infators andpegging increases in education and Medicaid spending to rational and aordable measures o growth. These actions helped restore long-term structural balance.In 2012, the Governor continued this eort, enacting an early budget that closed a $2 billiondecit and limited spending growth to 2% or less or the second year in a row. An importantcomponent in containing costs was the Governor’s work to hold state agency spending fat byredesigning agency operations and eliminating waste. The Governor’s work to restructure state nances is paying o. Since Governor Cuomo toooce, out-year decits have been reduced by a cumulative $76 billion. Recently, Standard &Poor’s Ratings Services revised its outlook or New York State bonds to “positive” rom stable,citing many o the important scal reorms the Governor has implemented.

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