Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
2014revenue Report

2014revenue Report

Ratings: (0)|Views: 4,561 |Likes:
Published by Nick Reisman

More info:

Published by: Nick Reisman on Feb 26, 2014
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

03/17/2014

pdf

text

original

 
 
HERMAN D. FARRELL, JR.  Assemblyman 71
st
 District Room 923 Legislative Office Building  Albany, New York 12248 (518) 455-5491 (518) 455-5776 FAX
 
THE ASSEMBLY STATE OF NEW YORK  ALBANY
 
CHAIRMAN Ways and Means Committee COMMITTEES Rules Black, Puerto Rican, Hispanic and Asian Legislative Caucus
February 25, 2014 Dear Colleagues: I am providing you with the NYS Assembly Ways and Means Committee
Revenue and Fiscal Outlook
for State Fiscal Year (SFY) 2013-14 and 2014-15. This report is part of our commitment to presenting clear and accurate information to the public. It provides an overview of the national and State economies, as well as an analysis of the Committee staff revenue forecast. The Committee staff projects that total All Funds receipts will reach $140.688 billion in SFY 2013-14, which represents an increase of $7.513 billion, or 5.6 percent, from SFY 2012-13. The Committee staff estimate is $82 million below the Executive’s estimate for SFY 2013-14. The Committee staff projects that All Funds receipts will total $142.311 billion in SFY 2014-15, an increase of $1.623 billion, or 1.2 percent, over SFY 2013-14. The Committee staff forecast is $410 million higher than the Executive’s forecast for SFY 2014-15. This difference is largely attributable to differences in economic projections and how this translates into receipts. The Committee staff’s economic and revenue projections are reviewed by an independent panel of professional economists drawn from major financial corporations, prestigious universities, and private forecasters from across the State. Assembly Speaker Sheldon Silver and I would like to express our appreciation to all of the members of our Board of Economic Advisors. Their dedication and expert judgment have been invaluable in helping the Ways and Means Committee staff refine and improve this forecast. They have served to make the work of the staff the best in the State. Of course, they are not responsible for either the numbers or any of the views expressed in this document. I wish to acknowledge the fine work done by the talented Ways and Means Committee staff. Their forecasts are integral to the budget process. The Speaker and I look forward to working with each of you to achieve our goal of crafting a fair budget for all New York families during this challenging time.
Sincerely Herman D. Farrell, Jr. Chairman
 
 
 
 
NEW YORK STATE REVENUE AND FISCAL OUTLOOK
FISCAL YEAR 2013-14 AND 2014-15
February 2014
SHELDON SILVER Speaker
New York State Assembly
HERMAN D. FARRELL, JR. Chairman
Assembly Ways and Means Committee
Prepared by the Assembly Ways and Means Committee Staff
Matthew A. Howard Secretary to the Committee Steven A. Pleydle Deputy Secretary to the Committee Michael J. Johnson Anthony A. Rodolakis, Ph.D. Counsel to the Committee Deputy Director for Fiscal Studies Director of Tax Study Philip A. Fields Minoru Hata Deputy Director for Fiscal Studies Counsel to Fiscal Staff

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->