New York Governor Andrew Cuomo (D) says that the Empire state really doesn’t have a significant budget deficit. And he’s drafted an op-ed piece that calls the state’s budgeting process a “sham.”
The New York Times reports:
Specifically, the governor was training his ire on the fact that spending increases for specific programs, and particularly for Medicaid and education, have been programmed into the budget over the years. Such formulas include so-called trend factors that increase reimbursements to hospitals over time, and are a feature of state budgeting across the nation — and are tied to billions of dollars in federal matching funds.
Part of the political calculation is clear. Mr. Cuomo wants the public to know that much of what he is likely to cut are actually planned spending increases aimed at maintaining current services as defined by law, not cuts to existing spending levels.
Gov. Cuomo will formally present his first budget tomorrow.
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