Post by Logan on May 14, 2016 12:30:42 GMT -6
Albany -- State Comptroller Tom DiNapoli is once again calling for a slew of state financial planning reforms as he advocates for fiscal transparency and accountability.
In a report released Wednesday, DiNapoli recommended eliminating discretionary lump-sum appropriations, restricting "backdoor spending" by public authorities, and requiring deposits into the state's rainy-day fund when the state has a cash surplus, among other things.
"Too often New York's approach to budgeting obscures spending and borrowing," DiNapoli said in a statement. "The governor and the Legislature deserve credit for putting the state on stronger financial footing, but it is time to fix the persistent problems and improve New York's fiscal practices."
Among the reforms DiNapoli proposes is giving his office the power to review public authority spending, and prohibiting such authorities from receiving state-appropriated funds until projects are identified, scored and ranked.
Read more: www.timesunion.com/local/article/DiNapoli-pushes-state-budgeting-reforms-7463368.php
In a report released Wednesday, DiNapoli recommended eliminating discretionary lump-sum appropriations, restricting "backdoor spending" by public authorities, and requiring deposits into the state's rainy-day fund when the state has a cash surplus, among other things.
"Too often New York's approach to budgeting obscures spending and borrowing," DiNapoli said in a statement. "The governor and the Legislature deserve credit for putting the state on stronger financial footing, but it is time to fix the persistent problems and improve New York's fiscal practices."
Among the reforms DiNapoli proposes is giving his office the power to review public authority spending, and prohibiting such authorities from receiving state-appropriated funds until projects are identified, scored and ranked.
Read more: www.timesunion.com/local/article/DiNapoli-pushes-state-budgeting-reforms-7463368.php