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NY S00445
Bill
Status
1/5/2011
Primary Sponsor
Liz Krueger
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AI Summary
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Establishes a non-partisan Legislative Budget Office headed by a Director appointed by joint resolution requiring a two-thirds vote of both the Senate and Assembly for a seven-year term.
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Authorizes the office to provide information to legislative committees on state budgets, appropriation bills, and tax expenditure bills; examine financial information to render revenue estimates; and provide fiscal impact analysis of proposed legislation upon request.
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Requires the office to submit an annual report by March 1st to legislative leaders containing revenue estimates, economic forecasts, summarization of the Governor's budget, and alternative revenue sources.
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Grants the Director authority to appoint staff including budget analysts and other employees and to develop a priority system for processing fiscal impact requests in consultation with relevant committee chairs.
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Provides the office equal funding from annual legislative appropriations split between the Senate and Assembly, with authority to procure computer equipment and consultant services.
Legislative Description
Creates the non-partisan legislative budget office; directs such office shall provide information to legislative committees of the senate and assembly with respect to the state budget, appropriation bills and other bills providing budget authority or tax expenditures; requires such office to report to the temporary president of the senate and the speaker of the assembly.
Last Action
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
1/5/2011