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2011_enactedbudgetreport_0511

2011_enactedbudgetreport_0511

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Published by Jon Campbell

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Published by: Jon Campbell on May 20, 2011
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05/20/2011

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Report on theState Fiscal Year 2011-12Enacted Budget
May 2011
Thomas P. DiNapoliNew York State Comptroller 
 
 Additional copies of this report may be obtained from:Office of the State Comptroller Public Information Office110 State StreetAlbany, New York 12236(518) 474-4015
Or through the Comptroller’s website at: www.osc.state.ny.us
 
Please notify the Office of Budget and Policy Analysis at (518) 473-4333 if youwould like your name to be deleted from the mailing list.
 
Table of Contents
EXECUTIVE SUMMARY ........................................................................................................... 1
 
FINANCIAL PLAN OVERVIEW ................................................................................................ 3
 
SFY 2010-11 – Year-End Analysis ............................................................................................... 4
 
SFY 2011-12 – Enacted Budget Analysis ..................................................................................... 7
 
General Fund Gap-Closing Measures .......................................................................................... 9
 
Spending Reductions and Other Savings Actions ...................................................................... 10
 
Non-Recurring or Temporary Resources .................................................................................... 10
 
Reserves ..................................................................................................................................... 11
 
Sources and Uses of Funds ........................................................................................................ 11
 
Spending Growth ........................................................................................................................ 13
 
Cash Flow ................................................................................................................................... 14
 
Risks to the Financial Plan .......................................................................................................... 14
 
STRUCTURAL IMBALANCE .................................................................................................. 18
 
Structural Imbalance: SFY 2011-12 through SFY 2014-15 ........................................................ 19
 
Continuation of a Structural Deficit ............................................................................................. 20
 
Non-Recurring and Temporary Resources ................................................................................. 21
 
The Changing Structure of the Financial Plan ............................................................................ 21
 
DEBT AND CAPITAL .............................................................................................................. 23
 
Debt Outstanding and Debt Service ........................................................................................... 23
 
Capital Program and Financing Plan .......................................................................................... 26
 
Management Initiatives ............................................................................................................... 27
 
ECONOMIC OUTLOOK AND REVENUE ............................................................................... 29
 
National Economy ....................................................................................................................... 29
 
New York State Economy ........................................................................................................... 30
 
Revenue ...................................................................................................................................... 30
 
PROGRAM AREA HIGHLIGHTS ............................................................................................ 34
 
Education .................................................................................................................................... 34
 
Higher Education ......................................................................................................................... 36
 
Health .......................................................................................................................................... 37
 
Mental Hygiene ........................................................................................................................... 40
 
Human Services .......................................................................................................................... 41
 
Economic Development .............................................................................................................. 42
 
Lottery and Gambling .................................................................................................................. 43
 
Transportation ............................................................................................................................. 44
 
Environment and Parks ............................................................................................................... 46
 
Agriculture ................................................................................................................................... 47
 
Energy ......................................................................................................................................... 47
 
Housing ....................................................................................................................................... 48
 
Public Protection ......................................................................................................................... 49
 
General Government ................................................................................................................... 49
 
Local Governments ..................................................................................................................... 50
 
New York City ............................................................................................................................. 51
 
Metropolitan Transportation Authority ......................................................................................... 52
 
Public Authorities ........................................................................................................................ 52
 
State Workforce .......................................................................................................................... 54
 
Employer Pension Contribution .................................................................................................. 56

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